Sales Returns and Allowances Is A(n)

question 37

Multiple Choice

Sales Returns and Allowances is a(n)

• A) asset account.
• B) contra asset account.
• C) expense account.
• D) contra revenue account.

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Definitions:

ATP

Adenosine triphosphate, a molecule that carries energy within cells, used as a primary energy source for cellular processes.

ADP

Adenosine diphosphate, a molecule involved in energy transfer within cells.

Alcoholic Fermentation

A biological process in which sugars such as glucose, fructose, and sucrose are converted into cellular energy, producing ethanol and carbon dioxide as by-products.

Inputs

Resources or information entered into a system for processing or for generating a specific output.