The Estimated Inventory Returns account is a(n)
A)asset account.
B)liability account.
C)revenue account.
D)expense account.

Name: The Estimated Inventory Returns account is a(n) A)asset account. B)liability account. C)revenue account. D)expense account.
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Question

Quizplus · Accepted Answer

The Estimated Inventory Returns account is an asset account because it represents the value of inventory expected to be returned by customers, which is a future economic benefit to the company.

The Estimated Inventory Returns Account Is A(n)