Which of the following accounts normally has a credit balance? (a) Discount received. (b) Purchase returns and

Question:

Which of the following accounts normally has a credit balance?

(a) Discount received.

(b) Purchase returns and allowances.

(c) Both (a) and (b).

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

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

Step by Step Answer:

Question Posted: