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    Business
  3. Study Set
    Understanding Financial Accounting
  4. Exam
    Exam 4: Revenue Recognition and the Statement of Incom
  5. Question
    Sales Returns and Allowances Is a Contra Revenue Account Which
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Sales Returns and Allowances Is a Contra Revenue Account Which

Question 26

Question 26

True/False

Sales returns and allowances is a contra revenue account which is added to sales revenue when determining net sales.

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