Which of the Following Accounts Is Classified as a Contra

question 10

Multiple Choice

Which of the following accounts is classified as a contra revenue account?

• A)Sales Revenue
• B)Cost of Goods Sold
• C)Sales Returns and Allowances
• D)Purchase Discounts

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Definitions:

Homoplasy

Homoplasy describes a character state similarity not due to shared descent (for example, produced by convergent evolution or evolutionary reversal).

Orthologs

Genes in different species that evolved from a common ancestral gene and retain the same function.

Paralogs

Genes that are related by duplication within a genome and can evolve new functions, despite having a common ancestor.

Species Tree

A conceptual tree diagram that shows the evolutionary relationships among various species based upon their genetic differences and similarities.