Under the perpetual inventory system, when a wholesaler returns the goods purchased on account, the ________ account is credited

A) Accounts Receivable
B) Merchandise Inventory
C) Cost of Goods Sold
D) Accounts Payable

B

Business

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Indicate whether the statement is true or false

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Customers who frequently pay bills late or not at all, who makes excuses for their actions

and who blame others for their problems are __________________. a. noncommittal b. empathetic c. self-sufficient d. immature

Business