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6 June, 17:22

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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Answers (1)
  1. 6 June, 20:02
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    The answer will be c
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