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    Financial and Managerial Accounting Study Set 8
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    Exam 3: The Accounting Cycle: Capturing Economic Events
  5. Question
    Which of the Following Accounts Normally Has a Credit Balance
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Which of the Following Accounts Normally Has a Credit Balance

Question 70

Question 70

Multiple Choice

Which of the following accounts normally has a credit balance?


A) Cash
B) Service revenue
C) Accounts receivable
D) Utilities expense

Correct Answer:

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