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Sales Returns and Allowances is a contra - revenue account. O O True False This Question: 1 pt ITUI SU U Complele) Which of the
Sales Returns and Allowances is a contra - revenue account. O O True False This Question: 1 pt ITUI SU U Complele) Which of the following statements about subsidiary ledgers is most accurate? O A. The accounts receivable subsidiary ledger is a book of accounts that provides supporting detail for Accounts Receivable, OB. The subsidiary ledger accounts will equal the amount of cash sales. OC. The subsidiary ledger accounts will never equal the control account in the general ledger OD. All of these answers are correct. Terms of 3/10, 1/30 means that a customer is allowed a 3% discount if he or she pays before the 10 day of the month following the sale. O O True False THIS QuesLIUI. IL A checkmark in the PR column in the general journal means. O A. the amount was posted to the controlling account, OB. the amount was recorded in the subsidiary ledger. O c. the payroll was paid. OD. the entry was recorded correctly
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