Which of the Following Accounts Has a Normal Credit Balance

question 50

Multiple Choice

Which of the following accounts has a normal credit balance?

• A)Cash
• B)Notes receivable
• C)Wage expense
• D)Unearned revenue

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, not based on cost differences but on consumers' willingness to pay.

Preference in Pricing

A practice where certain customers are offered better prices or terms than others, often based on the volume of business, loyalty, or strategic importance.

Clayton Act

A U.S. antitrust law aimed at promoting competition among businesses by prohibiting certain practices that restrict commerce.

Tying Contracts

Agreements where the sale of one product (the tying product) is conditioned on the purchase of another (the tied product).