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Scorpion4ik [409]
3 years ago
14

The Sales Returns and Allowances account is on the income statement as an addition to Sales. presented on the balance sheet as a

deduction from Accounts Receivable. on the income statement as a deduction from Sales. on the balance sheet as a deduction from Capital.
Business
1 answer:
fenix001 [56]3 years ago
5 0

Answer:

The Sales Returns and Allowances account is on the income statement as a deduction from Sales.

Explanation:

Sales Returns and Allowance account represent the balance of all sales that have been returned by the customers for any reason and discounts given to the customers. It is a contra sales account. It is presented on the income statement only as a deduction from sales. It is not presented on balance sheet. So, the correct option is on the income statement as a deduction from Sales.

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1 - Describe two justifications for the need for professional financial planning advice
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Answer:

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A local family-run Greek restaurant has been a part of the community for twenty years. Their mission is to provide local, fresh,
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3 years ago
If the keyword an advertiser is bidding on is used in the ad and on the landing page, then the advertiser will receive a higher
cricket20 [7]

Answer:

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Explanation:

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3 years ago
1. Assume that the money demand function is (M / P)d = 2,200 – 200r, where r is the interest rate in percent. The money supply M
Wittaler [7]

Answer:

r= 3

Explanation:

Due that the level price does not changed, the first thing that you have to do to find the equilibrium is put the two equations with an equal

Money demand =Supply of money

2,200 – 200 r= 2,000

Now you have to find the value of r and you have to clear the formula and first you have to:

2,800- 2,200 = 200r

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The interest rate is 3%

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3 years ago
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