Purchase Returns and Allowances Under Perpetual and Periodic Inventory

I show the differences in how Purchase Returns and Allowances are recorded and journalized in both the Perpetual and Periodic Inventory Methods.
#accounting #inventory #journalentry

Other videos in the Perpetual vs. Periodic Inventory:
Purchases: https://youtu.be/1yQFStoiD20
Freight-In: https://youtu.be/GQAVVRML15A

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