In a perpetual inventory system, the amount of the discount allowed for paying for merchandise purchased within the discount period is credited by the buyer to

Name: In a perpetual inventory system, the amount of the discount allowed for paying for merchandise purchased within the discount period is credited by the buyer to
Brand: Quizplus
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Quizplus · Accepted Answer

In a perpetual inventory system, the discount allowed for paying within the discount period is credited to Inventory, as it reduces the cost of the inventory purchased.

In a Perpetual Inventory System, the Amount of the Discount