How would you enter a purchase return of an inventory item in the purchases journal-
A) record a negative amount in the price column
B) record a negative quantity in the quantity column
C) record a negative sign in front of the item number
D) all of the above
Correct Answer:
Verified
Q15: Which of the following general statements is
Q16: Which of the following best describes inventory
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Q18: Record inventory that is recovered after a
Q19: When you combine a sales return and
Q21: To cancel the interest on an overdue
Q22: The inventory journals may be used for
Q23: When you reverse a pay later invoice
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Q25: Which one of the following statements about
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