The Normal Balance of the Following Accounts Is a Debit

question 48

Multiple Choice

The normal balance of the following accounts is a debit

• A) Sales discounts and interest revenue
• B) Sales returns and allowances and purchase discounts.
• C) Sales returns and allowances, cost of goods sold
• D) Transportation-in and income summary
• E) Cost of goods sold, and purchase discounts

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Definitions:

Audience

The group of people who are the intended recipients of a message, performance, or piece of media.

Keynote

A main or highlighted speech delivered to set the underlying tone and summarize the core message of an event.

PowerPoint

A presentation program developed by Microsoft, used for creating slide shows composed of text, graphics, and other objects.

Linear Nature

A sequential, step-by-step progression or development of something.