What Is the Difference Between a Sales Return and a Sales

question 132

Multiple Choice

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

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

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Definitions:

Cultures

The shared practices, values, beliefs, institutions, and objects of groups of people that are passed down from generation to generation.

Infants

Very young children, especially those under one year of age, who are in the early stages of development.

Syntax

The set of rules that govern the structure of sentences in a language, dictating how words are combined to convey meaning.

Declarative Sentence

A type of sentence that makes a statement or assertion, often used to convey information or express an opinion.