____________________ Service Providers Provide Access to Software or Services for a Fee

question 17

Short Answer

____________________ service providers provide access to software or services for a fee.

---

Definitions:

Freight In

A cost associated with transporting goods into a business, often included in the cost of goods sold because it directly relates to the cost of bringing inventory to the business.

Contra Account

An account used in the general ledger to reduce the value of a related account without adjusting the original account directly.

Sales Returns

Transactions where customers return previously purchased merchandise, resulting in a refund or credit.

Accumulated Depreciation

represents the total amount of depreciation expense that has been recorded for an asset since it was acquired.