Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the purchases returns and allowances account is a

The Purchases Returns and Allowances account is a a). Contra cost of goods sold account...

80.2K

Verified Solution

Question

Accounting

The Purchases Returns and Allowances account is a

a). Contra cost of goods sold account with a normal debit balance.

b). Contra cost of goods sold account with a normal credit balance.

c). Contra revenue account with a normal debit balance.

d). Contra revenue account with a normal credit balance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Are phospholipids still in the cell membrane? What keeps cells moving in cold weather? How does cholesterol...

Biology
Q

If the bond stiffness and bond length of the carbon to carbon bond are 90 N/M...

Mechanical Engineering
Q

3 A 24 kg mass is undergoing simple harmonic motion with an amplitude of 25...

Physics
Q

Find the value of x Write your answer as a decimal N 29 X O...

Geometry
Q

An article published in the Atlanta Journal Constitution included good news and bad news The...

Statistics
Q

how many ways can 6boys and 6girls be seated at a round table if the...

Algebra
Q

Express using rational exponents. 1/?(5) Sorry, that's incorrect. Try again?

Algebra
Q

Financial Statement Reporting for an Operating Lease Harmeling Paint Ball (HPB) Corporation...

Accounting
Q

the JKL shares were purchased by Mr. Kupka on 6-16-2022 for $80,000 plus convertible debentures....

Accounting
Q

Kevin and Mary are 50/50 partners in ABC partnership with each having an outside basis...

Accounting
Q

please use excel formuals to calculate A B C D Sgt. Barnes is a...

Accounting
Q

3 to 5-page narrative describing the accounting and financial impact on small and large businesses...

Accounting