Which of the following general statements is not correct -
A) you can change the selling price for individual sales by editing the price column
B) when a customer returns merchandise the HST charged on sales is debited in the sales return entry
C) enter purchase returns in the adjustments journal to show the decrease in inventory
D) freight expenses that are linked to a single inventory item may be added to the purchase price for the item
Correct Answer:
Verified
Q10: The most recent purchase price becomes the
Q11: If HST charged had been omitted from
Q12: Regular inventory purchases and sales journal entries
Q13: Which of the following statements is true
Q14: To report on the number of units
Q16: Which of the following best describes inventory
Q17: When a store chooses to use an
Q18: Record inventory that is recovered after a
Q19: When you combine a sales return and
Q20: How would you enter a purchase return
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