Solved

Using a Contra-Revenue Account for Sales Returns and Allowances Instead

Question 17

Multiple Choice

Using a contra-revenue account for sales returns and allowances instead of directly reducing the sales account allows a retailer the following advantage:


A) Increase profits by using accounting methods.
B) Track the value of goods returned.
C) Create more work for the accounting department.
D) Increase sales by bringing more products.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions