The Sales Discounts account is a contra account to the:
A) Purchases account.
B) Sales Revenue account.
C) Merchandise Inventory account.
D) Sales Returns and Allowance account.
Correct Answer:
Verified
Q82: Delivery expense is a(n):
A)administrative expense.
B)factory expense
C)operating expense.
D)overhead
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A)sales revenue.
B)merchandise
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Q132: The entry to close Sales Discounts will
Q190: Gross profit is calculated as _.
A) sales
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