The Sales Returns and Allowances Account and the Sales Discount

question 238

True/False

The Sales Returns and Allowances account and the Sales Discount account are both classified as expense accounts.

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Definitions:

Exhibitionism

A psychological condition or behavior where individuals have a compulsion to expose their genitals to others in inappropriate settings for sexual gratification.

Sexual Sadism

A psychological disorder characterized by deriving pleasure from inflicting pain, suffering, or humiliation on others.

Cisgender

A term for individuals whose gender identity matches the sex they were assigned at birth.

Transgender

Referring to a person whose gender identity differs from the sex they were assigned at birth.