Identify the Statement Below That Correctly Describes the Sales Returns

question 54

Multiple Choice

Identify the statement below that correctly describes the Sales Returns and Allowances account.

• A) It is an expense account.
• B) It is a liability account.
• C) It normally has a credit balance.
• D) It normally has a debit balance.

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Definitions:

Summaries

Concise statements or accounts that capture the main points or essence of a longer piece of text or speech.

Personal Brand

The unique combination of skills, experiences, and personality that one wants the world to see them as; it's the telling of one's story and how it reflects their conduct, behavior, spoken and unspoken words, and attitudes.

Social Media Comments

Responses or reactions posted by users on social media platforms to share opinions or feedback on content.

Digital Messages

Electronic messages that are transmitted over a network, including emails, text messages, and instant messages.