Which of the Following Would Not Be Classified as a Contra

question 129

Multiple Choice

Which of the following would not be classified as a contra account?

• A)Sales
• B)Sales Returns and Allowances
• C)Accumulated Depreciation
• D)Sales Discounts

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Definitions:

Water Color Paintings

A form of painting that uses pigments suspended in a water-based solution, often characterized by fluid and translucent layers.

New England

A geographical region in the northeastern United States comprising six states: Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, and Connecticut.

Selling Price

The amount at which a product or service is sold to customers.

Markup Percent

Defines the percentage increase applied to the cost price of goods to determine their selling price.