Question
What type of accounts are these (asset, Liability, Revenue or Expense)? What is the normal balance (debit or Credit) of the following accounts: (a) Cost
What type of accounts are these (asset, Liability, Revenue or Expense)? What is the normal balance (debit or Credit) of the following accounts:
(a) Cost of Merchandise Sold,
(b) Customer Refunds Payable,
(c) Delivery Expense,
(d) Merchandise Inventory,
(e) Sales,
(f) Sales Tax Payable.
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Information Technology Audit Handbook
Authors: Doug Dayton
1st Edition
0136143148, 978-0136143147
