A seller recognizes the right to return sales as a/an ________.
A)liability
B)asset
C)revenue
D)expense

Name: A seller recognizes the right to return sales as a/an ________. A)liability B)asset C)revenue D)expense
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Question

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The right of return sales represents a liability for the seller, as it means that they may have to return goods (or provide refunds) to customers, which would result in a loss for the seller. It is therefore recorded as a liability in the seller's financial statements.

A Seller Recognizes the Right to Return Sales as A/an