The following account is affected when recording a return of inventory to the vendor under a perpetual inventory system.
A. accounts receivable
B. purchase returns and allowances
C. merchandise inventory
D. cash
Answer:C
The following account is affected when recording a return of inventory to the vendor under a perpetual inventory system.
A. accounts receivable B. purchase returns and allowances C. merchandise inventory D. cash
Explanation: Explanation/Reference: