Which of the Following Statements Is Not Correct About Sales

question 172

Multiple Choice

Which of the following statements is not correct about sales returns and allowances?

• A) Sales returns and allowances can provide useful information about the quality of inventory and the possibility of unsatisfied customers.
• B) Sales returns and allowances are recorded in a separate contra-revenue account.
• C) Sales returns and allowances are always disclosed in external financial statements.
• D) Sales returns and allowance are subtracted to determine net sales.

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Definitions:

Online Advertisements

Digital marketing messages displayed on the internet to promote products, services, or brands.

Email Application

A software program that allows users to send, receive, and manage electronic mail messages.

Subject Line

Rephrased: Brief, descriptive titles at the top of an email, designed to give the recipient a clear idea of the email’s content.

Emoticons

Text-based symbols used in digital communication to express emotions or sentiments.