Question
Match each account with the alternative that best indicates its presentation in the financial statements and its normal balance 1. Provision for Uncollectible Accounts 2.
Match each account with the alternative that best indicates its presentation in the financial statements and its normal balance
1. Provision for Uncollectible Accounts
2. sales returns
3. Loss due to sale of accounts receivable
4. Obligation for responsibility
5. Discount on Sales NOT Taken
6. Discount on Receivable Document
7. Discount on Sales
8. Discount on Sales
A. against-account of assets, is presented in the statement of situation with normal balance CR
b. against account of windows with normal slago DR c. against debt account, is presented in the statement of situation with normal balance DR d. income and expense statement account with DR balance E. asset account, is presented in the statement of situation with normal balance DR F. debt account, is presented in the statement of situation with normal balance CR g. income and expense statement account with normal balance CR h. against asset account, is presented in the statement of situation with normal balance DR
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