The respective normal account balances of Sales, Sales Returns and Allowances, and Sales Discounts are
A) credit, credit, credit.
B) debit, credit, debit.
C) credit, debit, debit.
D) credit, debit, credit.

Question

Quizplus · Accepted Answer

Sales have a normal credit balance, while Sales Returns and Allowances and Sales Discounts have normal debit balances as they reduce the total sales revenue.

The Respective Normal Account Balances of Sales, Sales Returns and Allowances