All of the following are contra revenue accounts except
A) sales.
B) sales allowances.
C) sales discounts.
D) sales returns.

Name: All of the following are contra revenue accounts except A) sales. B) sales allowances. C) sales discounts. D) sales returns.
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Question

Quizplus · Accepted Answer

Sales is not a contra revenue account, it represents the total revenue earned. The other options (sales allowances, sales discounts, and sales returns) are contra revenue accounts because they reduce the amount of revenue earned.

All of the Following Are Contra Revenue Accounts Except