Which of the Following Statements Is Not True About Sales

question 78

Multiple Choice

Which of the following statements is not true about sales returns & allowances?

• A)Sales returns and allowances can provide useful information about the quality of merchandise and the possibility of unsatisfied customers.
• B)Sales returns and allowances are recorded in a separate contra-revenue account.
• C)Sales returns and allowances are always disclosed in external financial statements.
• D)Sales returns and allowance are closed to retained earnings at the end of the year.

Understand the essential factors that contribute to quality health care.

Comprehend the significance of patient perception in evaluating health care quality.

Identify the major attributes of health care quality.

Recognize the roles and focus of The Joint Commission in health care delivery.