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:

Right Triangle

A triangle that contains a right angle.

90 °

In electrical terms, this often refers to a phase shift of 90 degrees, which is a quarter of a cycle in alternating current (AC) or signal waveforms, representing a right angle in geometric terms.

Right Triangle

A triangle that has one angle measuring 90 degrees, with sides called the hypotenuse, opposite, and adjacent.

Hypotenuse

The longest side of a right-angled triangle, directly opposite the right angle, calculated using the Pythagorean theorem.