Which of the Following Accounts Is a Contra-Account to Accounts

question 52

Multiple Choice

Which of the following accounts is a contra-account to Accounts Receivable?

• A) Sales Discounts
• B) Sales Returns and Allowances
• C) Allowance for Uncollectible Accounts
• D) Bad Debt Expense

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Definitions:

Revenue Management

The strategic analysis and optimization of sales growth and profitability, particularly through pricing and inventory control.

Marginal Revenue

The extra revenue generated by the sale of an additional unit of a product or service.

Spot Market

A Spot Market is a public financial market in which financial instruments or commodities are traded for immediate delivery and payment.

Bulk Sale

Involves the wholesale of goods in large quantities, typically at a discounted price.