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    College Accounting Study Set 2
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    Exam 9: Sales and Cash Receipts
  5. Question
    A Contra-Revenue Account with a Debit Balance for Returned Goods
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A Contra-Revenue Account with a Debit Balance for Returned Goods

Question 15

Question 15

Multiple Choice

A contra-revenue account with a debit balance for returned goods is called:


A) Sales Returns and Allowances.
B) Sales Discount.
C) Prepaid Returns.
D) the discount period.

Correct Answer:

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