Why is it important to use the sales returns and allowances account, rather than simply reducing the

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Why is it important to use the sales returns and allowances account, rather than simply reducing the sales account, when goods are returned?

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Financial Accounting Reporting, Analysis And Decision Making

ISBN: 9780730363279

6th Edition

Authors: Shirley Carlon

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Question Posted: May 09, 2024 08:51 AM

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Why is it important to use the sales returns and allowances account, rather than simply reducing the

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Using a separate account for sales returns and allowances rather than directly reducing the sales account is important for several reasons 1 Transpare...View the full answer

Financial Accounting Reporting, Analysis And Decision Making

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