All of the following are contra revenue accounts except a. sales. b. sales allowances. c. sales discounts. d. sales retransforms.

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All of the adhering to are contra revenue accounts other than a. sales. b. sales allowances. c. sales discounts. d. sales returns.
A crmodify memorandum is offered as documentation for a journal entry that needs a debit to a. Sales and a crmodify to Cash. b. Sales Retransforms and also Allowances and a crmodify to Accounts Receivable. c. Accounts Receivable and a credit to a contra-revenue account. d. Cash and also a crmodify to Sales Retransforms and Allowances.

Description : A crmodify memorandum is provided as documentation for a journal entry that requires a delittle to a. Sales and also a crmodify to Cash. b. Sales Retransforms and Allowances and a crmodify to Accounts Receivable. c. ... and a crmodify to a contra-revenue account. d. Cash and a credit to Sales Returns and also Allowances.

Last Answer : d. Cash and a crmodify to Sales Returns and Allowances.

1 answer
Which of the following would not be classified as a contra account? a. Sales b. Sales Retransforms and also Allowances c. Accumulated Depreciation d. Sales Discounts

Description : Which of the following would not be classified as a contra account? a. Sales b. Sales Retransforms and Allowances c. Accumulated Depreciation d. Sales Discounts

Last Answer : a. Sales

1 answer
With respect to the income statement, a. contra-revenue accounts carry out not appear on the income statement. b. sales discounts increase the amount of sales. c. contra-revenue accounts rise the amount of operating costs. d. sales discounts are contained in the calculation of gross profit.

Description : With respect to the income statement, a. contra-revenue accounts do not show up on the income statement. b. sales discounts boost the amount of sales. c. contra-revenue accounts boost the amount of operating prices. d. sales discounts are consisted of in the calculation of gross profit.

Last Answer : d. sales discounts are included in the calculation of gross profit.

1 answer
Which of the adhering to accounts has actually a normal credit balance? a. Sales Returns and also Allowances b. Sales Discounts c. Sales d. Selling Expense

Description : Which of the following accounts has actually a normal crmodify balance? a. Sales Returns and Allowances b. Sales Discounts c. Sales d. Selling Expense

Last Answer : c. Sales

1 answer
The Sales Retransforms and Allowances account is classified as a(n) a. asset account. b. contra ascollection account. c. expense account.

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Description : The Sales Returns and also Allowances account is classified as a(n) a. asset account. b. contra asset account. c. cost account.