The Sales account is classified as
A) a liability account.
B) an asset account.
C) a contra account.
D) a revenue account.

Name: The Sales account is classified as A) a liability account. B) an asset account. C) a contra account. D) a revenue account.
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Question

Quizplus · Accepted Answer

The Sales account is a revenue account, which represents the total amount of revenue generated by a business through the sale of goods or services. It is an income statement account that shows the primary source of revenue for a company.

The Sales Account Is Classified as