Is the amount of sales discount taken recorded a at the, Accounting Basics

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Is the amount of sales discount taken recorded a at the

Question: 1. What is the distinction between sales allowances and sales discounts?

2. Is the amount of sales discount taken recorded (a) at the time the sale is recorded or (b) at the time the collection of the account is recorded?

3. Explain the difference between sales revenue and net sales.

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Accounting Basics: Is the amount of sales discount taken recorded a at the

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Accounting Basics: Is the amount of sales discount taken recorded a at the

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