Why are contra-revenue accounts used rather than directly deducting from the Sales Revenue account?

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Nov 02, 2015 05:38 AM

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Why are contra-revenue accounts used rather than directly deducting from the Sales Revenue account?

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Contrarevenue accounts are used for recording sales discounts and sales retu...View the full answer

Fundamentals of Financial Accounting

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