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    Using 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 45

Question 45

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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