Sales discounts and sales returns and allowances are deducted from sales on the income statement to arrive

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Sales discounts and sales returns and allowances are deducted from sales on the income statement to arrive at net sales. Why not deduct these directly from the Sales account by debiting Sales each time a sales discount, return, or allowance occurs?

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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Question Posted: Jun 14, 2024 01:39 AM

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Sales discounts and sales returns and allowances are deducted from sales on the income statement to arrive

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Financial Accounting A Business Perspective

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