How is a sales return recorded in a perpetual system, Accounting Basics

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How is a sales return recorded in a perpetual system

Consider the following questions:

1. How is a purchase discount recorded in a perpetual system?

2. How is the sale of merchandize inventory on credit recorded in a perpetual system?

3. How is a sales return recorded in a perpetual system?

4. What is a sales discount and how is it recorded in a perpetual inventory system?

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Accounting Basics: How is a sales return recorded in a perpetual system

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Accounting Basics: How is a sales return recorded in a perpetual system

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