An over allowance on a trade-in on an installment sale is debited to: Cost of installment sales.
Fantastic news! We've Found the answer you've been seeking!
Question:
- An over allowance on a trade-in on an installment sale is debited to:
- Cost of installment sales.
- Over allowances on trade-ins expense.
- Inventories (trade-ins).
- None of the foregoing ledger accounts.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date: