Homework Clinic
Social Science Clinic => Accounting => Topic started by: nautica902 on Nov 11, 2019
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For each of the following identify — in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
Column 4
Sales Returns & Allow. | ________ | ________ | ________ | ________ |
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Sales Returns & Allow.: | revenue | debit | income statement | temporary |