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QUESTION
Sales Returns and Allowance Discuss the Sales Returns & Allowance Accounts. Where does this account fit under the accounting equation? What is the normal balance (debit or credit). How can this be useful for financial analysis?
Sales Returns and Allowance
- Discuss the Sales Returns & Allowance Accounts.
- Where does this account fit under the accounting equation?
- What is the normal balance (debit or credit).
- How can this be useful for financial analysis?
