What type of accounts includes components for offsetting sales returns?

The correct answer is that contra accounts include components for offsetting sales returns. Contra accounts are specifically designed to reduce the balance of related accounts; in the case of sales, a contra account offsets the total sales amount to account for returns. For example, if a company has a total sales account, it might also have a contra account for sales returns that decreases the total sales figure to reflect the actual earnings more accurately. This helps provide a clearer financial picture, indicating both the gross sales and the deductions for returns.

In contrast, while rollup accounts and GL accounts are crucial for financial reporting, they do not specifically serve the purpose of offsetting sales returns. Rollup accounts summarize different components into one, and GL accounts encompass all types of accounts used in financial reporting without specifically focusing on returns. System accounts refer to predefined account types in a financial system but don't necessarily have the singular purpose of offsetting revenues like contra accounts do. Thus, the significance of contra accounts in this context is to provide clarity and accuracy in accounting for sales and returns.