In a perpetual inventory system, inventory returned by the customer for a refund is called a:
A)sales adjustment.
B)sales discount.
C)sales allowance.
D)sales return.

Name: In a perpetual inventory system, inventory returned by the customer for a refund is called a: A)sales adjustment. B)sales discount. C)sales allowance. D)sales return.
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Question

Quizplus · Accepted Answer

In a perpetual inventory system, when a customer returns inventory for a refund, it is recorded as a sales return.

In a Perpetual Inventory System, Inventory Returned by the Customer