Which of the Following Accounts Has a Normal Credit Balance

question 21

Multiple Choice

Which of the following accounts has a normal credit balance?

• A) Sales Returns and Allowances
• B) Sales Discounts
• C) Sales Revenue
• D) Selling Expense

---

Definitions:

Panic of 1873

A financial crisis that triggered a severe international economic depression in both Europe and the United States, lasting until 1879.

Easy-Money Policies

Monetary policies intended to stimulate the economy by increasing the money supply and reducing interest rates to encourage borrowing and spending.

Economic Expansion

Economic expansion refers to a phase where an economy experiences increased levels of activity and growth across its industries and sectors, typically marked by rising GDP.

Thaddeus Stevens

was a nineteenth-century U.S. congressman and a fierce advocate for the abolition of slavery and equal rights during and after the Civil War.