The Sales Returns and Allowances Account Is Classified as A(n)

question 223

Multiple Choice

The Sales Returns and Allowances account is classified as a(n)

• A) asset account.
• B) contra-asset account.
• C) expense account.
• D) contra-revenue account.

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Definitions:

Stepper Motor

A type of electric motor that moves in discrete steps, allowing precise control of position and speed, often used in automation and robotics.

Serial Data Transmission

The process of transmitting data one bit at a time, sequentially, over a communication channel.

DC

Direct Current, a form of electrical current that flows in one direction, commonly used in batteries and electronic devices.

Output

Information sent from the processor to a connected device via some interface. The information could be in the form of control data that will signal some device such as a motor to switch on or off or to vary the speed of a drive.