Which of the Following Accounts Has a Normal Credit Balance

question 134

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

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Definitions:

Financial Institutions

Organizations that conduct financial transactions such as investments, loans, and deposits. Common examples include banks, credit unions, and insurance companies.

Anonymously

Acting or producing something without revealing one's identity.

Federal Deposit Insurance Corporation

A U.S. government agency created to maintain stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions for safety, and managing receiverships.

Federal Registration

The process of officially recording something, like a trademark or document, at the federal level for recognition and protection.