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The Sales account is classified as a liability account.

an asset account. a contra account. a revenue account.

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The Sales account is classified as a liability account.

an asset account.
a contra account.
a revenue account.

Answer

The Sales account is classified as A REVENUE ACCOUNT.
Revenue accounts are the assets earned by a company's operation and business activities.
It is an account that has credit balance in equity account.
Revenue account includes cash and accounts receivables from sale of goods or services.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 18 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 167 views.

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