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    Fundamentals of Financial Accounting Study Set 3
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    Exam 6: Merchandising Operations and the Multistep Income Statement
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    Sales Returns and Allowances and Sales Discounts Are Expense Accounts
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Sales Returns and Allowances and Sales Discounts Are Expense Accounts

Question 61

Question 61

True/False

Sales returns and allowances and sales discounts are expense accounts.
BT: Knowledge

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