The Sales Returns and Allowances Account Is Classified as A(n)

question 25

Multiple Choice

The Sales Returns and Allowances account is classified as a(n)

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

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Definitions:

African American

Denotes Americans of African descent, particularly those whose ancestors were enslaved and transported to the United States.

White Americans

Individuals in the United States who identify as having origins in any of the original peoples of Europe, the Middle East, or North Africa.

Asian Americans

Americans of Asian descent, representing a diverse group from East Asia, Southeast Asia, and the Indian subcontinent.

John Stuart Mill

A British philosopher and economist (1806-1873) known for his contributions to liberalism, utilitarianism, and social theory.