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What kind of an account are sales return and allowances?
Sales Returns and Allowances is a contra income account.
The Sales Returns and Allowances account is classified as a?
Sales Returns and Allowances are contra revenue accounts because they reduce that total amount of sales. [Sales-Sales returns and allowances=Net sales]. They are reported on the income statement.
What is sales minus sales returns allowances and sales dicount called?
net sales
How do you mark out lengths to be cut taking into account any allowances?
By measuring with a tape and marking with a pencil or marker.
What is a true statement about vouchers?
A voucher must be an accurate representation of a trips itinerary, expenses, and daily allowances.
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