What Type of Account is Sales Returns, Sales Allowances And Sales Discounts

All of these Accounts are Contra Revenue Accounts as these are the reversal of Gross or Total Sales on Income Statement, so these are deducted from this gross value.

For Examples, If Gross Sales is Rs. 500000, but Sales Returns, Sales Allowances and Sales Discounts are Rs. 30000, Rs. 20000, Rs. 70000 respectively, then both of these Contra Revenue Accounts are deducted from Total of Sales i.e., 500000 - (30000 + 20000) = Rs. 380000.