Asked by
Kendra Mills
on Nov 15, 2024
Verified
The side that increases the balance of the Sales Discount account is:
A) a credit.
B) a debit.
C) zero.
D) It does not have a normal balance.
Sales Discount
is a reduction in the listed price of a product or service offered to customers as an incentive to prompt payment.
- Learn the effects of sales discounts on revenue recognition and how they are recorded in financial statements.
Verified Answer
AG
Learning Objectives
- Learn the effects of sales discounts on revenue recognition and how they are recorded in financial statements.
Related questions
Reduction Given to Company Customers for Early Payment Is A ...
A Characteristic of the Account, Sales Discount, Includes the Following ...
Sales Returns and Allowances Is a Contra-Revenue Account
Gross Profit Decreases When Sales Discounts Increase
Sales Discounts Are Deducted from Sales in the Calculation of ...