The sales accounts that normally have a debit balance are (d) Neither (a) nor (b). (b) Sales

Fantastic news! We've Found the answer you've been seeking!

Question:

The sales accounts that normally have a debit balance are

(d) Neither (a) nor (b).

(b) Sales Returns and Allowances.

(a) Sales Discounts.

Related Book For answer-question

Chemistry

ISBN: 978-0077274313

10th edition

Authors: Raymond Chang

See More Books

Posted Date: Feb 17, 2021 02:21 AM

See More Questions

3. Consider the following model log(yi) =B + B log(xi) + ui, where i = 1, . . ., 60, ya is the food expenditure (in $) for the ith household, and x, is the income of the ith household. After running...
Sales discounts and sales returns are accounted for as reductions of revenue. If they were accounted for as expenses, wouldnt the effect on net income be the same? Why not just treat sales discounts...
For 20Y3, Greyhound Technology Company reported its most significant decline in net income in years. At the end of the year, Duane Vogel, the president, is presented with the following condensed...
Parent Ltd owns 80% of Subsidiary Ltd. In the financial year ended 30 June 20X2, Subsidiary Ltd sold inventory to Parent Ltd. Details regarding the transaction are as follows: Cost to Subsidiary to...
Assuming you meet the income and other qualifications, what is the maximum amount of educational tax credits you can claim for 4 years of school at your state university?
Christopher Bloom received a medical school scholarship created by the U.S. Department of Health and Human Services to increase the number of doctors serving rural areas. In return for this...
Redesign the VOCs adsorber of Example 9.15 for a breakthrough time of $4.0 \mathrm{~h}$. The pressure drop through the bed [calculated using the Ergun equation (2-95)] should not exceed \(1.0...
Gore Range Carpet Cleaning is a small, family-owned business operating out of Eagle-Vail, Colorado. For its services, the company has always charged a flat fee per hundred square feet of carpet...
Abbey Lee is driving north to a dance competition for 3 hours at 46 miles per hour. Meanwhile, leaving from the same place, Cathy is driving to a different dance competition 2 hours south at 43 miles...
Jon Fulkerson has also received a credit application from Seether, LLC, a private company. An abbreviated portion of the financial information provided by the company is shown below: Total assets...
Explain four strategies that can be used by staff to minimise risks associated with grief and bereavement support
You are managing a multi-year project whose budget is 500,000 USD. The cost variance is -45,000 USD, the actual cost is 200,000 USD, and the planned value is 140,000 USD. Calculate the schedule...
Solve the system by substitution. Write your answer for x and y in as a whole number or as a fraction. 4y= 2x 4 x - y = 4
A contractor purchases quantities of wire, fittings, and switches listed at $2,150 at Successive trade discounts of 15%, 10%, and 3%. What is the net cost?
Determine the missing items. Assets = Liabilities + Stockholders' Equity $84,000 $59,000 (a) $enter a dollar amount Correct answer (b) $enter a dollar amount Incorrect answer $30,300 $35,800 $91,000...
Create a Strategic Process Framework for obese Black adolescent. This will inform your business proposal and financial plan due in Module 7. Your strategic framework needs to address how your...
Explore the relationship of AG and the equilibrium constant, K. A reaction that yields mostly products has a K = A) 0 B) 1 C) >1000 D) < 0.001
In Exercises 1-2, rewrite each verbal statement as an equation. Then decide whether the statement is true or false. Justify your answer. 1. The logarithm of the difference of two numbers is equal to...
When aqueous potassium cyanide is added to a solution of copper(II) sulfate, a white precipitate, soluble in an excess of potassium cyanide, is formed. No precipitate is formed when hydrogen sulfide...
From the lattice energy of KCl in Table 9.1 and the ionization energy of K and electron affinity of Cl in Tables 8.2 and 8.3, calculate the DH° for the reaction K(g) + Cl(g) KCl(s)
How much heat (in kJ) is needed to convert 866 g of ice at 210C to steam at 126C? (The specific heats of ice and steam are 2.03 J/g ( C and 1.99 J/g ( C, respectively.)
You need to calculate the anticipated database capacity for constructing a database with four tables, is shown below: Table 1 will be initially loaded with 200,000 records, Table 2 with 100,000...
You are studying the design documentation for an extremely large information system used by your organization. As expected, all entities on the logical data model are in third normal form. But in...
In comparing operational databases and data warehouses, which generally has fewer CRUD activities? Why?

The sales accounts that normally have a debit balance are (d) Neither (a) nor (b). (b) Sales

Question:

Expert Answer:

Option C Both a and b That is the sales account that normally has debit balances are ... View the full answer

Chemistry

Students also viewed these accounting questions