Purchases Returns and Allowances and Purchases Discounts are classified as ________ on the income statement. (a) expense accounts               (c) revenue accounts (b) contra-cost accounts         ...

Purchases Returns and Allowances and Purchases Discounts are classified as ________ on the income statement.

(a) expense accounts               (c) revenue accounts


(b) contra-cost accounts          (d) contra-revenue accounts




May 26, 2022
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