Accountıng I Deneme Sınavı Sorusu #1184278
How sales discounts should appear in the financial statements?
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as an addition to sales |
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as an addition to inventory |
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as a deduction from sales |
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as an operating expense |
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as an operating revenue |
Yanıt Açıklaması:
Sales Discounts account is a contra-sales revenue account and it is deducted from the gross sales revenue to reach net sales revenue in the income statement. The correct answer is C.
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