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The Sales account is classified as (Points : 4) A. a liability account. B. an asset account. C. a contra account. D. a revenue account.
Question|Asked by Addison2010
Asked 2/22/2014 9:13:45 PM
Updated 2/22/2014 9:55:41 PM
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User: The Sales account is classified as (Points : 4) A. a liability account. B. an asset account. C. a contra account. D. a revenue account.

Weegy: The Sales Returns and Allowances account is classified as CONTRA REVENUE account.



Question|Asked by Addison2010
Asked 2/22/2014 9:13:45 PM
Updated 2/22/2014 9:55:41 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry [2/22/2014 9:54:29 PM]
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The Sales account is classified as a REVENUE ACCOUNT.
Added 2/22/2014 9:55:41 PM
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Questions asked by Addison2010
The first step in the closing process is to close (Points : 4) a. the drawing account b. the capital account c. the revenue accounts d. the expense accounts
Weegy: The first step in the closing process is to close - c. THE REVENUE ACCOUNTS. (More)
Question
Expert Answered
Updated 2/18/2014 6:59:29 AM
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Permanent accounts are closed to zero during the closing process. True or False
Question|Asked by Addison2010
Not Answered
Updated 1/7/2018 5:02:56 PM
1 Answer/Comment
The amount of money the policyholder pays per claim or per accident toward the total amount of an insured loss before the company will pay on the claim is known as the: (Points : 2) a. exclusion b. premium c. deductible d. remittance
Weegy: The amount of money the policyholder pays per claim or per accident toward the total amount of an insured loss before the company will pay on the claim is known as the - - c. DEDUCTIBLE. ] (More)
Question|Asked by Addison2010
Expert Answered
Updated 2/18/2014 6:59:54 AM
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