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  3. Study Set
    Financial Accounting Study Set 1
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    Exam 6: Merchandising Operations and the Multistep Income Statement
  5. Question
    Sales Discounts Is a ________ Account with a Normal ________
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Sales Discounts Is a ________ Account with a Normal ________

Question 123

Question 123

Multiple Choice

Sales Discounts is a ________ account with a normal ________ balance.


A) contra-asset;debit
B) contra-revenue;credit
C) contra-asset;credit
D) contra-revenue;debit

Correct Answer:

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