What type of accounts are Sales Returns and Allowances and Sales Discounts?
A. Contra asset accounts
B. Expense accounts
C. Contra revenue accounts
D. Contra expense accounts
Answer: C
What type of accounts are Sales Returns and Allowances and Sales Discounts?
A. Contra asset accounts
B. Expense accounts
C. Contra revenue accounts
D. Contra expense accounts
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.