Which of the Following Accounts Normally Have Debit Balances

question 150

Multiple Choice

Which of the following accounts normally have debit balances?

• A)Sales Discounts
• B)Sales Returns and Allowances.
• C)Both Sales Discounts and Sales Returns and Allowances have debit balances.
• D)Neither Sales Discounts or Sales Returns and Allowances have debit balances.

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Definitions:

Emission Standards

Regulations that set the maximum amount of pollutants that can be released into the environment by vehicles and industrial plants.

Prior Certification

The process of obtaining a formal verification or validation of certain qualifications or standards before engaging in specific activities.

EPA

Environmental Protection Agency, a U.S. federal government agency responsible for protecting human health and the environment by writing and enforcing regulations.

Comprehensive Program

A detailed and inclusive plan or strategy designed to achieve a specific set of goals or to address a particular issue effectively.