Sales Returns and Allowances and Sales Discounts Are ________

question 12

Multiple Choice

Sales returns and allowances and Sales discounts are ________.

• A)contra-asset accounts and are netted against Accounts receivable on the balance sheet
• B)contra-expense accounts and netted against Cost of goods sold on the income statement
• C)expense accounts and added to Sales on the income statement
• D)contra-revenue accounts and netted against Sales on the income statement

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Definitions:

Satisfied Need

A psychological or physiological requirement that has been fulfilled, contributing to an individual's well-being and motivation.

Rhetoric Tools

Techniques used in speaking or writing to persuade, inform, or entertain an audience.

Pathos

An appeal to emotion in rhetoric or art, aiming to evoke feelings of sympathy, sadness, anger, or other emotions to persuade or affect the audience.

Aristotle

An ancient Greek philosopher and scientist whose works cover a wide range of subjects and who is considered one of the greatest philosophers in history.