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    Exam 5: Accounting for Merchandising Operations
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    Which of the Following Accounts Has a Normal Credit Balance
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Which of the Following Accounts Has a Normal Credit Balance

Question 53

Question 53

Multiple Choice

Which of the following accounts has a normal credit balance?


A) Purchases
B) Sales Returns and Allowances
C) Freight-in
D) Purchase Discounts

Correct Answer:

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