The Sales Returns and Allowances Account and the Sales Discounts

question 109

True/False

The Sales Returns and Allowances account and the Sales Discounts account are both classified as expense accounts.

---

Definitions:

Social Media Workflow

The process or strategy for planning, creating, distributing, and managing content across social media platforms.

Communicate

The process of sharing information, ideas, or feelings through speech, writing, or other forms of expression.

Accountable

Being responsible and answerable for actions or decisions, typically within a specific sphere of influence or responsibility.