Accounting standards require that sales returns and allowances be matched with related sales:
A) if required by industry practice.
B) if the amounts are material.
C) if practical.
D) any of the above.

Question

Quizplus · Accepted Answer

Sales returns and allowances should be matched with related sales if the amounts are material, as this ensures accurate financial reporting and compliance with accounting principles.

Accounting Standards Require That Sales Returns and Allowances Be Matched