What is the difference between a sales return and a sales allowance?
A) A sales return involves an adjustment to Inventory,but a sales allowance does not.
B) A sales return requires a debit to Sales returns and allowances,but a sales allowance does not.
C) A sales return reduces the amount receivable from the customer,but an allowance does not.
D) A sales allowance is deducted from Sales revenue to calculate net sales,but a sales return is not.
Correct Answer:
Verified
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