Which of the Following Accounts Is Always Treated as a Contra

question 42

Multiple Choice

Which of the following accounts is always treated as a contra revenue and not as a selling expense?

• A) Net sales
• B) Purchase returns and allowances
• C) Cash equivalents
• D) Sales returns and allowances

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Definitions:

Acquired

Something gained or obtained through experience, actions, or being subjected to certain conditions over time.

Pyloric Stenosis

A condition in newborns where the opening from the stomach to the small intestine thickens, obstructing food movement.

Visible Peristalsis

The observable wave-like muscle contractions of the abdomen, moving contents along the gastrointestinal tract.