Which of the Following Accounts Would Be Closed with a Debit

question 135

Multiple Choice

Which of the following accounts would be closed with a debit?

• A) Sales Discounts.
• B) Sales Returns and Allowances.
• C) Cost of Goods Sold.
• D) Operating Expenses.
• E) Sales.

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Definitions:

Coincidence

The occurrence of two or more events at the same time by chance, without a causal connection between them.

Mental Alertness

Mental alertness is the state of being fully attentive, aware, and responsive to the surrounding environment or current tasks.

Cigarette Smoking

The act of inhaling and exhaling the smoke of tobacco or a drug.

Experiment

An experimental method conducted to explore a new finding, verify a theory, or prove an established truth.