Which of the Following Accounts Normally Has a Debit Balance

question 37

Multiple Choice

Which of the following accounts normally has a debit balance?

• A)Accumulated depreciation
• B)Prepaid insurance
• C)Accounts payable
• D)Common shares

---

Definitions:

Democratic Candidate

A person seeking or nominated for election representing the Democratic Party in the United States.

Confidence Interval

An interval estimate of a population parameter that is computed from sample data, indicating the reliability of an estimate.

Normally Distributed

Describes a dataset whose distribution forms a symmetric, bell-shaped curve when plotted, with most data near the mean.

Margin of Error

An expression of the amount of random sampling error in a survey's results, indicating the range within which the true population parameter is likely to lie with a certain level of confidence.