When a sales return or a sales allowance is being recorded, why is it preferable to...

 

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When a sales return or a sales allowance is being recorded, why is it preferable to debit the Sales Returns and Allowances account instead of the Sales account? Because all firms use a Sales Returns and Allowances Journal. O Because the Sales Returns and Allowances account does not appear on the Income Statement. O Because this simplifies the journal entry recording process. O Because this procedure gives a complete record of sales returns and allowances for each accounting period. When a sales return or a sales allowance is being recorded, why is it preferable to debit the Sales Returns and Allowances account instead of the Sales account? Because all firms use a Sales Returns and Allowances Journal. O Because the Sales Returns and Allowances account does not appear on the Income Statement. O Because this simplifies the journal entry recording process. O Because this procedure gives a complete record of sales returns and allowances for each accounting period.

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Option d Because this procedure gives a complete record of sales returns and allowances for each accounting period Using sale return and allowance account gives the total amount of sales returns and allowance made during the period If sales account is used instead of sales return ... View the full answer