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  3. Study Set
    Fundamental Accounting Principles Study Set 5
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    Sales Discounts Is a Contra Revenue Account, Meaning That the Sales
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Sales Discounts Is a Contra Revenue Account, Meaning That the Sales

Question 98

Question 98

True/False

Sales discounts is a contra revenue account, meaning that the Sales Discounts account is added to the Sales account when computing a company's net sales.

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