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Sales returns and allowances a Should always be recorded as a debit to the Sales account to help managers monitor returns and allowances b Are
Sales returns and allowances
a
Should always be recorded as a debit to the Sales account to help managers monitor returns and allowances
b
Are usually recorded in separate contrarevenue accounts
c
Are always reported in the published statements by showing a separate contra revenue account
d
Represent an increase of the customer's account receivable
e
All of the choices are correct.
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