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:

Guanine

One of the four main nucleobases found in the nucleic acids DNA and RNA, pairing with cytosine in DNA and contributing to the genetic code.

Adenine

One of the four nucleobase molecules used to form the building blocks of DNA and RNA, pairing with thymine in DNA and uracil in RNA.

Polygenic Traits

Traits that are influenced by more than one gene, resulting in a wide range of phenotypes, such as height and skin color.

Genes

The units of heredity made up of DNA that carry information responsible for the expression of traits from parents to offspring.