Which of the following accounts would be closed at the end of the accounting period with a debit?

A) Sales Discounts.
B) Sales Returns and Allowances.
C) Cost of Goods Sold.
D) Operating Expenses.
E) Sales.

Sales Discounts

A reduction in the price of goods or services offered by a seller to a buyer, typically used to encourage prompt payment or to reward customers for bulk purchases.

Operating Expenses

Operating expenses refer to the costs associated with the day-to-day operations of a business, excluding cost of goods sold.

Sales Returns

Sales returns refer to the process of returning previously purchased goods by a customer to the seller, often resulting in a refund to the customer and a reduction in sales for the business.