Which of the Following Are the Normal Balances of Sales,Sales

question 85

Multiple Choice

Which of the following are the normal balances of Sales,Sales discounts and Sales returns and allowances,respectively?

• A)Debit,credit and credit
• B)Credit,debit and debit
• C)Debit,debit and credit
• D)Credit,credit and debit

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Definitions:

Brick-And-Mortar

Traditional physical retail stores located in buildings as opposed to online or virtual platforms.

Commitment Device

Actions that individuals take in one period to try to control their behavior in a future period.

Behavioral Conditioning

A learning process that involves developing or modifying behaviors through reinforcement or punishment.

Product Differentiation

Product differentiation is the process used by businesses to distinguish their products from those of competitors, through unique features, branding, quality, or other attributes.