Why are sales discounts and sales returns and allowances recorded in contra revenue accounts instead of directly

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Why are sales discounts and sales returns and allowances recorded in contra revenue accounts instead of directly in the Sales account?

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Financial Accounting Information For Decisions

ISBN: 9780073043753

4th Edition

Authors: John J. Wild

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Question Posted: Jul 19, 2024 10:02 PM

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Why are sales discounts and sales returns and allowances recorded in contra revenue accounts instead of directly in the Sales account?
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Why are sales discounts and sales returns and allowances recorded in contra revenue accounts instead of directly

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Financial Accounting Information For Decisions

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