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

question 160

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

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Definitions:

Financial Risk Management

The method of safeguarding a company's economic value through the utilization of financial tools to control exposure to risks, notably market risk and credit risk.

Risk Profiles

Descriptions of an individual's or organization's willingness to take risks, as well as the threats to which they are exposed.

Risk Profile

A risk profile assesses the willingness and ability of an individual or entity to take risks, often used in financial planning to tailor investment strategies.

Futures Contract

A uniform agreement to engage in a purchase or sale at a future time, with the price established beforehand.