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    Business
  3. Study Set
    Fundamentals of Financial Accounting
  4. Exam
    Exam 6: Internal Control and Financial Reporting for Cash and Merchandising Operations
  5. Question
    Because It Is an Expense Account,the Sales Returns & Allowances
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Because It Is an Expense Account,the Sales Returns & Allowances

Question 197

Question 197

True/False

Because it is an expense account,the Sales Returns & Allowances account balance is deducted from the Sales Revenue account balance in determining net sales.

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