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:

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