The Sales Returns and Allowances Account

question 13

Multiple Choice

The Sales Returns and Allowances account:

• A) normally has a credit balance.
• B) should not be closed at the end of the period.
• C) is a contra account to Accounts Receivable.
• D) is a contra revenue account.

---

Definitions:

Component of Emotions

Fundamental elements that constitute emotions, often including physiological arousal, expressive behaviors, and subjective experiences.

Assumption

A belief or statement taken for granted without proof, often serving as a preliminary basis for reasoning and arguments.

Amygdala

A section of the brain's limbic system involved in emotion, particularly fear and pleasure, influencing behavior and decision-making.

Lateral Hypothalamus

An area of the brain thought to control hunger and thirst by regulating the release of various neurotransmitters and influencing eating behavior.