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    Financial Accounting Study Set 1
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    Exam 5: Inventories and Cost of Goods Sold
  5. Question
    Sales Discounts Is Classified as What Type of Account
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Sales Discounts Is Classified as What Type of Account

Question 65

Question 65

Multiple Choice

Sales Discounts is classified as what type of account?


A) an expense
B) a revenue
C) a contra-asset
D) a contra-revenue

Correct Answer:

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