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Assuming the company uses the earnings approach for revenue recognition, when goods are returned in a saleable condition, that relate to a prior cash sale,

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Assuming the company uses the earnings approach for revenue recognition, when goods are returned in a saleable condition, that relate to a prior cash sale, Accounts Receivable will be credited. Sales Returns and Allowances will be credited. the Sales Returns and Allowances account should not be used. the Cash account will be credited

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