Sales Returns and Allowances Are Deducted from Gross Sales on the Balance

question 92

True/False

Sales returns and allowances are deducted from gross sales on the balance sheet.

---

Definitions:

Observable Behaviours

Actions or reactions of an individual that can be directly seen and measured.

Behaviourism

A theoretical orientation based on the premise that scientific psychology should study only observable behavior and investigates how organisms learn new behaviors or modify existing ones, depending on whether events in their environments reward or punish these behaviors.

Unconscious

A part of the mind that hosts thoughts, memories, and desires not present in conscious awareness, influencing behavior and decisions.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.