157k views
4 votes
Purchase return and allowances is a contra account, and its normal balance would be...

User Esiegel
by
7.8k points

1 Answer

6 votes
The correct answer that would best complete the given statement above is the term CREDIT and DEBIT. So here is the complete answer. Purchase return and allowances is a contra account, and its normal balance would be a credit and debit. Hope this answers your question.
User Digitaleagle
by
8.0k points