The Respective Normal Account Balances of Sales Revenue, Sales Returns

question 189

Multiple Choice

The respective normal account balances of Sales Revenue, Sales Returns and Allowances, and Sales Discounts are

• A)credit, credit, credit.
• B)debit, credit, debit.
• C)credit, debit, debit.
• D)credit, debit, credit.

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Definitions:

BMI

Body Mass Index, a measurement derived from a person's weight and height to assess body fat and overall health.

79th Percentile

A statistical measurement indicating that an individual scored better than 79% of the population sample.

Legal Requirement

A mandate imposed by law, which must be complied with by individuals, organizations, or institutions.

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