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Testbank, Question 76 Sales Allowances and Sales Discounts both have a normal credit balance. are both contra revenue accounts to Sales. both have a normal

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Testbank, Question 76 Sales Allowances and Sales Discounts both have a normal credit balance. are both contra revenue accounts to Sales. both have a normal debit balance and are therefore regarded as expense accounts. are both designed to encourage customers to pay their accounts promptly

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