Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
What element do the accounts sales returns and allowances and sales discount belong in? 1) Liabilities 2) Revenue 3) Expenses 4) Contra-Revenue 5) Assets
What element do the accounts sales returns and allowances and sales discount belong in?
1) Liabilities
2) Revenue
3) Expenses
4) Contra-Revenue
5) Assets
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started