A Contra-Revenue Account with a Debit Balance for Returned Goods

question 105

Multiple Choice

A contra-revenue account with a debit balance for returned goods is called:

• A)Sales Returns and Allowances.
• B)Sales Discount.
• C)the credit period.
• D)the discount period.

---

Definitions:

Mantle-Derived Magmas

Magma that originates from the Earth's mantle, typically characterized by its composition which can influence the type of volcanic eruption.

Continental Crust

The thick part of the Earth's crust that forms the continents and continental shelves, composed mostly of granite.

Decompression Melting

The process where melting occurs in upwelling mantle material as it experiences lower pressures without a corresponding decrease in temperature, leading to magma formation.

Mantle-Derived Magmas

Magma that originates from the melting of the Earth's mantle, leading to volcanic activity.