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    Fundamentals of Financial Accounting Study Set 4
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    Exam 6: Internal Control, Cash, and Merchandise Sales
  5. Question
    The Sales Returns and Allowances Account Balance Should Be Reported
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The Sales Returns and Allowances Account Balance Should Be Reported

Question 94

Question 94

True/False

The sales returns and allowances account balance should be reported as a deduction from the sales account balance because it is an expense account.

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