The Sales Returns and Allowances Account Is Classified as A(n)

question 25

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:

Adult Day-Care Facility

A place that provides care and social interaction for elderly or disabled adults during the day, allowing primary caregivers respite.

Continuous Care

Ongoing support and medical attention provided to patients, especially during recovery or for chronic conditions.

Constructive Play

Play involving the creation or construction of something, typically allowing children to experiment with objects and materials.

Outside Of Marriage

Refers to relationships, behaviors, or activities that occur outside the bounds of a legally or culturally recognized marriage.