Sales Discounts Has a Normal Debit Balance Because It Decreases

question 218

True/False

Sales discounts has a normal debit balance because it decreases Sales, which has a normal credit balance.

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Definitions:

Ex Post Facto

A law that retroactively changes the legal consequences or status of actions that were committed before the enactment of the law.

Rights Warning

Typically refers to the Miranda warning, a notification given by police in the U.S. to criminal suspects in police custody, advising them of their right to silence and legal counsel.

Reasonableness

A standard of fairness and rational behavior expected in legal and contractual relationships.

Presumed Innocent

The principle that an individual is considered innocent until proven guilty in a court of law.