Indicate the Normal Balance of Each of the Following Accounts

question 8

Short Answer

Indicate the normal balance of each of the following accounts:
a) Purchases Returns and Allowances
b) Merchandise Inventory
c) Freight-In
d) Sales Returns and allowances
e) Unearned Revenue

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Definitions:

Racial Diversity

The inclusion of people from a variety of racial and ethnic backgrounds within a group or organization.

Ethnic Diversity

The presence of a wide range of distinct ethnic or cultural groups within a society or organization.

Gender Diversity

The representation and inclusion of multiple genders within a workplace, organization, or society, acknowledging and valuing the differences in identity and expression.

Cultural Intelligence

A measure of an individual's ability to understand, respect, and work effectively across different cultures.