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Answer: D

NEW QUESTION: 2
In a system using perpetual inventory, which document creates a posting of a credit amount to the inventory account and a debit amount to a cost of goods sold account?
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Response:
A. A delivery document with reference to a sales order
B. An A/R credit memo based on a A/R invoice
C. An A/R invoice with reference to a delivery document
D. An A/R sales return without referencing a document
Answer: A

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