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Sales discounts offered to customers reduce net income. (True or False)

Sales discounts offered to customers reduce net income. (True or False)

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Answer #1

Sales discount offer to customer is a type of expense for the company which will be recorded on the debit side of the profit and loss account or income statement. will reduce the net income of the company. as the sales discount offer to the customer is a type of expense for the company therefore it will reduce the net income of the company .

So the statement sales discount offer to customer produce that Income is true.

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