Which of the following are the normal balances of Sales, Sales discounts, and Sales returns and allowances, respectively?
A)Debit, debit, and credit
B)Debit, credit, and credit
C)Credit, credit, and debit
D)Credit, debit, and debit

Question

Quizplus · Accepted Answer

Sales have a normal credit balance, while both sales discounts and sales returns and allowances have normal debit balances as they reduce the total sales revenue.

Which of the Following Are the Normal Balances of Sales