FIND THE ANSWERS

In book-keeping. Are sales considered as discounts?

Answer this question

Do you know the correct answer? Make money answering questions! Join now.
  • In book-keeping. Are sales considered as discounts?


Answers

Sales returns and allowances are a contra account and are accordingly deducted from gross sales in the income statement. Sales Discounts: When goods are ...
Read more
Positive: 92 %
What is the accounting for sales discounts? ... If there is a risk that a large proportion of sales discounts will be recognized in a later period, ...
Read more
Positive: 89 %

More resources

ACC 201 Chapter 5. 20 Questions ... Retailers and wholesalers are both considered ... Sales Allowances and Sales Discounts are both designed to encourage ...
Read more
Positive: 92 %
Recognition of Revenue in the Global Airline Industry 5 ... be considered 'limited refundable'. ... Discounts and rebates on sales are
Read more
Positive: 87 %
Business Accounting Double-entry book-keeping. ... is considered to be the best-written and most clear of ... Sales and purchase day books recorded sales ...
Read more
Positive: 73 %
Accounting for credit card fees. Jean ... with the fees on card transactions considered the cost of ... of cash discounts and actually ...
Read more
Positive: 50 %

Show more results