A characteristic of the account,Sales Discount,is:
A) debit balance.
B) contra-revenue account.
C) records the cash discounts granted to customers.
D) All of the above are correct.
Correct Answer:
Verified
Q3: A contra-revenue account with a debit balance
Q4: The time frame when customers are allowed
Q5: Lisa's Blankets and Bedding had a sale
Q6: Hardware Restoration reports net sales of $50,000.If
Q9: The length of time the customer is
Q10: Sales Tax Payable is a:
A) liability account
Q11: Merchandise is:
A)the same as inventory.
B)an asset.
C)the same
Q12: The liability account used to record sales
Q12: Kristi's pottery sold 200 tiles at $25.00
Q93: The normal balance of the Sales Returns
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