The normal balances of sales, sales discounts, and sales returns and allowances are ________. debit, credit, and credit, respectively debit, debit, and credit, respectively credit, debit, and debit, respectively credit, credit, and debit, respectively
Normal balance of sale returns and allowances; Debit
A normal balance is the expectation that a particular type of account will have either a debit or a credit balance.
The normal balance of sales is credit.
The sales returns and allowances account is subtracted from sales because these accounts have the opposite effect on net income. Therefore, sales returns and allowances is considered a contra‐revenue account, which normally has a debit balance.
The account Sales Discounts is referred to as a contra-revenue account. Therefore; its is debit balance.
