Question: What is the difference between a sales return and a sales allowance? O A. A sales return requires a debit to Sales returns and allowances,
What is the difference between a sales return and a sales allowance? O A. A sales return requires a debit to Sales returns and allowances, but a sales allowance does not OB. A sales return involves an adjustment to Inventory, but a sales allowance does not OC. A sales allowance is deducted from Sales revenue to calculate net sales, but a sales return is not. OD. A sales return reduces the amount receivable from the customer, but an allowance does not
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
