Periodic Inventory - Purchase Discounts Video Lessons

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Problem: Which of the following is a contra revenue account? a. Accumulated depreciation b. Sales returns and allowances c. Allowance for bad debts d. Purchase discounts

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Problem Details

Which of the following is a contra revenue account?

a. Accumulated depreciation

b. Sales returns and allowances

c. Allowance for bad debts

d. Purchase discounts

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Based on our data, we think this problem is relevant for Professor Adcock Jr's class at CSUS.