What is the impact of treating sales returns and allowances as a contra revenue but treating sales discounts and credit

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What Is The Impact Of Treating Sales Returns And Allowances As A Contra Revenue But Treating Sales Discounts And Credit 1 (38.54 KiB) Viewed 43 times

What is the impact of treating sales returns and allowances as a contra revenue but treating sales discounts and credit card discounts as selling expenses? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer Gross margin is reduced by sales returns and allowances, sales discounts and credit card discounts b Gross margin is reduced by sales returns and allowances but all three accounts cause a decrease in profit from operations C Gross margin is reduced by sales returns and allowance but operating profit is only reduced by sales discounts and credit card discounts d Gross margin is reduced by sales discounts and credit card discounts but all three accounts cause a decrease in profit from operations Unanswered