Which of the following accounts are characterized as a "contra" account? (Select ALL tha apply) O Equipment O Deferred Revenue OAccumulated Depreciation O Accounts Payable O Depreciation Expense O Sales Allowances Sales return O Allowance for Uncollectible A/R O Bad Debt Expense O Accounts Receivable Notes Payable O Cost of Goods Sold

Which of the following accounts are characterized as a "contra" account? (Select ALL tha apply) O Equipment O Deferred Revenue OAccumulated Depreciation O Accounts Payable O Depreciation Expense O Sales Allowances Sales return O Allowance for Uncollectible A/R O Bad Debt Expense O Accounts Receivable Notes Payable O Cost of Goods Sold

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 1MC: Which of the following is an example of a contra revenue account? A. sales B. merchandise inventory...

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