menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting A Career Approach
  4. Exam
    Exam 9: Sales and Purchases
  5. Question
    Type of Account and Normal Balance of Sales Discount
Solved

Type of Account and Normal Balance of Sales Discount

Question 27

Question 27

Multiple Choice

Type of account and normal balance of Sales Discount:


A) Asset, DR
B) Revenue, CR
C) Liability, CR
D) Contra-Revenue, DR

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: Match the terms that follow with the

Q23: Amounts are posted individually from the purchases

Q24: An account that is used to record

Q25: The use of a purchases journal makes

Q26: A single summarizing account in the general

Q28: A schedule of Accounts Receivable is prepared

Q29: A controlling account can be found in

Q30: The Sales Returns and Allowances account normally

Q31: The Accounts Payable account in the general

Q32: Match the correct definitions below with the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines