What Is the Difference Between a Sales Return and a Sales

question 132

Multiple Choice

What is the difference between a sales return and a sales allowance?

• A)A sales return reduces the amount receivable from the customer, but an allowance does not.
• B)A sales return involves an adjustment to Inventory, but a sales allowance does not.
• C)A sales return requires a debit to Sales returns and allowances, but a sales allowance does not.
• D)A sales allowance is deducted from Sales revenue to calculate net sales, but a sales return is not.

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Definitions:

Raw Scores

Pure data collected from assessments or tests before any processing or normalization.

Test-retest Reliability

The consistency of a test's results when administered to the same individuals at two different points in time.

Internal Consistency

Measures the reliability of a test based on the correlations between different items on the same test; it assesses the coherence of an instrument.

Licensure Exam

A standardized test required in many professions to ensure competence and to officially grant permission to practice in that field.