Business, 06.05.2020 08:36 mistiehaas

Under a perpetual inventory system:

a) purchases on account are debited to Purchases.
b) purchase returns are debited to Purchase Returns and Allowances.
c) freight costs are debited to Freight-Out.
d) purchases on account are debited to Inventory.

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Under a perpetual inventory system:

a) purchases on account are debited to Purchases. <...