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:

Association

A connection or link between two units or elements.

Motor Areas

Regions of the brain involved in the planning, control, and execution of voluntary movements.

Cognitive Development

The process through which individuals acquire and develop the ability to think, problem solve, and understand the world around them.

Piaget

A developmental psychologist known for his theory of cognitive development, explaining how a child constructs a mental model of the world.