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    Exam 5: Accounting for Merchandising Operations
  5. Question
    The Sales Returns and Allowances Account Is Classified as A(n)
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The Sales Returns and Allowances Account Is Classified as A(n)

Question 25

Question 25

Multiple Choice

The Sales Returns and Allowances account is classified as a(n)


A) asset account.
B) contra asset account.
C) expense account.
D) contra revenue account.

Correct Answer:

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