Question: The primary distinction between cash - based and credit - based sales returns in recording journal entries is a Cash - based sales returns are

The primary distinction between cash-based and credit-based sales returns in recording journal entries is
a Cash-based sales returns are recorded as a contra-revenue, whereas credit-based sales returns are recorded as a liability.
b Cash-based returns are recorded as a liability, whereas credit-based sales returns are recorded as a contra asset.
c The two types of sales returns are identical in recording journal entries.

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