What Is the Difference Between a Sales Return and a Sales

question 92

Multiple Choice

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

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

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Definitions:

Foster Parents

Individuals or couples who provide temporary care for children whose biological parents are unable to care for them, through a legal arrangement.

Advanced Directive

Legal documents that allow individuals to specify their preferences for medical treatment in the event they become unable to make decisions for themselves.

Resuscitative Care

Medical interventions and treatments aimed at reviving someone from unconsciousness or near death.

Legal Document

An official paper that records agreements, rights, or responsibilities, subject to or recognized by law.