Which of the Following Accounts Has a Normal Credit Balance

question 6

Multiple Choice

Which of the following accounts has a normal credit balance?

• A) Purchases
• B) Sales Returns and Allowances
• C) Freight-In
• D) Purchase Discounts

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Definitions:

Landscape Theme

The overarching aesthetic and conceptual framework guiding the design and development of a landscape or garden, intended to provide cohesion and context.

Animatronic Animals

Robotically engineered animals designed to mimic the appearance and movements of real animals.

Trade Secrets

Confidential business information that provides a competitive edge, such as formulas, practices, or designs.

Proprietary Information

Information that is owned by an individual or a company, kept confidential, and not disclosed to the public to maintain competitive advantage.