Multiple Choice
The normal balance of the Sales Returns and Allowances account is:
A) a credit.
B) a debit.
C) zero.
D) It does not have a normal balance.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: For each of the following, identify in
Q17: Recording to the accounts receivable subsidiary ledger
Q18: For each of the following, identify in
Q19: Reduction given to company customers for early
Q20: If cash flow is so important to
Q22: Gross sales equals:<br>A) net sales minus sales
Q23: Prepare the necessary general journal entry for
Q24: Sales Returns and Allowances is a contra-revenue
Q25: Sold merchandise on account would be recorded
Q26: A characteristic of a schedule of accounts