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    Auditing and Assurance Services Study Set 2
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    Exam 16: Completing the Tests in the Sales and Collection Cycle: Accounts Receivable
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    When Do Most Companies Record Sales Returns and Allowances
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When Do Most Companies Record Sales Returns and Allowances

Question 54

Question 54

Multiple Choice

When do most companies record sales returns and allowances?


A) during the month in which the sale occurs
B) during the accounting period in which the return occurs
C) whenever the customer contacts the company regarding the credit
D) during the month after the sale occurs

Correct Answer:

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