The respective normal account balances of Sales Revenue Sales Returns and Allowances and Sales Discounts are
A) credit credit credit.
B) debit credit debit.
C) credit debit debit.
D) credit debit credit.

Question

Quizplus · Accepted Answer

Sales Revenue has a normal credit balance as it increases equity. Sales Returns and Allowances and Sales Discounts both have normal debit balances as they reduce the total sales revenue.

The Respective Normal Account Balances of Sales Revenue Sales Returns