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The Sales Returns and Allowance account a.is used by a merchandising company, but not a service enterprise. b.should not be closed at the end of

The Sales Returns and Allowance account

a.is used by a merchandising company, but not a service enterprise.

b.should not be closed at the end of the period.

c.is a contra account to Accounts Receivable.

d.normally has a credit balance.

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