Which of the Following Accounts Has a Normal Credit Balance

question 78

Multiple Choice

Which of the following accounts has a normal credit balance?

• A) Sales Returns and Allowances
• B) Sales
• C) Merchandise Inventory
• D) Delivery Expense

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Definitions:

Technological Advancements

The progress in technology which enhances efficiency, productivity, and capabilities in various industries.

Transportation Costs

Expenses incurred in moving goods and services from one location to another, significantly impacting trade and the final price of products.

North American Free Trade Agreement

A trilateral trade bloc in North America created by Canada, Mexico, and the United States to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace.

General Agreement on Tariffs and Trade

An international treaty created to reduce trade barriers and promote international commerce through the reduction of tariffs and quotas.