Accountıng I Deneme Sınavı Sorusu #1275681
Which of the following reduces the amount of accounts receivables?
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Promissory note |
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Trade receivables |
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Factoring |
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Sales returns and allowances |
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Cash (net) realizable value |
Yanıt Açıklaması:
Sales returns and allowances reduce the amount of accounts receivables since the customer delivers back the goods or the company waives a portion of its claim due to product defects. The correct answer is D.
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