Why is it important to have separate sales returns and allowances and sales discounts accounts? Wouldnt it

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Why is it important to have separate sales returns and allowances and sales discounts accounts? Wouldn’t it be much easier to directly reduce the sales revenue account for these adjustments?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 05:55 AM

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Why is it important to have separate sales returns and allowances and sales discounts accounts? Wouldnt it

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Accounting concepts and applications

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