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-   -   Normal credit balance (https://www.askmehelpdesk.com/showthread.php?t=270870)

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

    Sales Discounts, Inventory, Sales Returns and Allowances, Sales
  • Oct 18, 2008, 07:05 PM
    pready

    Sales because it is a Revenue Account.

    Inventory is an Asset Account.

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

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