Accounting 1. Which of the following accounts normally has a debit balance? a. Accounts payable...
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Accounting
Accounting
1. Which of the following accounts normally has a debit balance?
a. Accounts payable
b. Land
c. Retained earnings
d. Sales revenue
2. The difference between sales revenue and cost of goods sold is
a.net income.
b.sales revenue.
c.gross profit.
d.operating income.
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