Which of the Following Accounts Normally Has a Credit Balance

question 32

Multiple Choice

Which of the following accounts normally has a credit balance?

• A)Cash
• B)Dividends declared
• C)Insurance expense
• D)Retained earnings

---

Definitions:

Math and Reading

Core educational subjects focusing on the study of numbers, operations, and relationships, along with the ability to understand written text.

Individual Mandate

A requirement under the Affordable Care Act that most Americans must have health insurance or face a tax penalty.

Affordable Care Act

A comprehensive health care reform law enacted in March 2010, aimed at making insurance more affordable and expanding health insurance coverage to more Americans.

Health Insurance

Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses.