Sales Returns and Allowances Is an Expense Account,and on the Income

question 109

True/False

Sales returns and allowances is an expense account,and on the income statement it is added to cost of goods sold.

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Definitions:

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The act of exchanging information or transmitting ideas, thoughts, or knowledge between sender and receiver through various methods, whether verbal, non-verbal, written, or visual.

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The process of interacting with others to learn norms, behaviors, and customs of a society or group.

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