The Normal Balance of the Sales Returns and Allowances Account

question 117

Multiple Choice

The normal balance of the Sales Returns and Allowances account is

• A) a credit.
• B) a debit.
• C) zero.
• D) It doesn't have a normal balance.

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Definitions:

Greater Than

A mathematical symbol (>) used to indicate that the value on the left side is larger than the value on the right side.

Z-scores

Standardized scores that measure the distance of a score from the mean, indicating how many standard deviations an element is from the mean.

Standard Normal Distribution

A probability distribution that has a mean of 0 and a standard deviation of 1.

Greater Than

A mathematical expression indicating that one quantity is larger than another.