True or false questions. Need help on

PPS-\"E" 10. 11. 12. For a merchandising business, a sale is a transfer of merchandise from one business or individual to another in exchange for cash or a promise to pay cash. Customers of a retailing business are known as wholesalers. A sales ticket cannot be used as evidence of a sale. Only one copy of a sales invoice is considered necessary. The sales account is credited for the selling price of merchandise sold during the period. The sales returns and allowances account reduces sales on the income statement. Bank credit card fees are charged on the sales price excluding sales tax. Net sales plus sales returns and allowances and sales discounts equal gross sales. A merchandising business purchases items to sell to customers. When a business uses a subsidiary accounts receivable ledger, a controlling account for accounts receivable should also be kept in the general ledger. Sales Tax is a contra-revenue account and is shown on the income statement as a reduction in the sales amount. The use of bank credit cards in connection with retail sales is a common nmcce Answers 1"...\" Sec