sales return and a sales allowance:
A) differ in that a sales return gives credit or money back to the purchaser.
B) differ in that an allowance is a deduction given in price for an inconvenience (like a floor model) .
C) are both considered the same thing.
D) are none of the above.
Correct Answer:
Verified
Q19: A company receives an invoice that indicates
Q20: Which of the following describes Freight out?
A)
Q21: recording of cost of goods sold along
Q22: cost of goods sold account keeps a
Q23: sales allowance is recorded with a debit
Q25: of the following describes a sales discount?
A)
Q26: Which one of the following describes a
Q27: Which one of the following is the
Q28: A company uses the perpetual inventory method.
Q29: A company uses the perpetual inventory method.
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