Multiple Choice
Which of the following accounts has a normal debit balance?
A) Revenues Earned
B) Accounts Payable
C) Inventory
D) Retained Earnings
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q94: The valuation issue deals with how the
Q112: The dividends account has a normal credit
Q113: Dividends are classified as an expense.
Q114: When a magazine company receives advance payment
Q115: Which of the following accounts will eventually
Q118: A decrease in a liability is recorded
Q119: When a company has performed a service
Q120: A net income of $10,000 means that
Q121: The double-entry system is possible because all
Q122: The numbering scheme of a chart of