How Do Purchase Returns and Allowances and Purchase Discounts Affect

question 162

Multiple Choice

How do purchase returns and allowances and purchase discounts affect gross purchases?

• A)Both are added to purchases.
• B)Both are subtracted from purchases.
• C)Purchase returns and allowances are added to purchases;purchase discounts are subtracted from purchases.
• D)Purchase returns and allowances are subtracted from purchases;purchase discounts are added to purchases.

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Definitions:

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