Which of the following statements is NOT true about the Sales Discounts account? A Sales Discounts is a contra revenue account to Sales Revenue and has a debit balance. B Sales Discounts is increased when goods are sold on account subject to credit terms. © Sales Discounts accumulates the total discounts taken by customers for prompt payment of their accounts. D Net sales is computed by deducting Sales Returns and Allowances and Sales Discounts from Sales Revenue.