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Johnnalee
Oct 18, 2008, 06:43 PM
Which of these accounts have a normal credit balance?

Sales Discounts, Inventory, Sales Returns and Allowances, Sales

pready
Oct 18, 2008, 07:05 PM
Sales because it is a Revenue Account.

Inventory is an Asset Account.

Sales Discounts and Sales Returns & Allowances is a Contra Revenue Account.