which account is a contra - revenue?\naccumulated depreciation\nsales returns\nbad debt expense
which account is a contra - revenue?\naccumulated depreciation\nsales returns\nbad debt expense
Answer
Brief Explanations:
A contra - revenue account is used to reduce the amount of revenue reported. Sales Returns is a contra - revenue account as it reduces the total sales revenue. Accumulated Depreciation is a contra - asset account (reduces the value of an asset), and Bad Debt Expense is an expense account (not related to contra - revenue).
Answer:
B. Sales Returns