contra revenue usually comes in the form of which of the following? operating income or non - operating…

contra revenue usually comes in the form of which of the following? operating income or non - operating income a sales discount or a sales return a prepaid expense or unearned revenue

contra revenue usually comes in the form of which of the following? operating income or non - operating income a sales discount or a sales return a prepaid expense or unearned revenue

Answer

Brief Explanations:

Contra - revenue accounts are used to offset revenue. Sales discounts (reduction in price) and sales returns (products sent back) are common contra - revenue items. Operating/non - operating income are not contra - revenue. Prepaid expense (asset) and unearned revenue (liability) are not related to contra - revenue.

Answer:

a sales discount or a sales return