Which of the Following Types of Accounts Have a Normal

question 106

Multiple Choice

Which of the following types of accounts have a normal credit balance?

• A) assets and liabilities
• B) liabilities and expenses
• C) revenues and capital
• D) capital and drawing

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Definitions:

Independent

Not influenced or controlled by others in matters of opinion, conduct, etc; thinking or acting for oneself.

Tukey's Method

A statistical test used to identify outliers in a data set.

Difference Exists

Refers to the assertion that there is a statistically significant variation between two or more groups or variables being studied.

Significance Level

The probability of rejecting the null hypothesis when it is true, used as a criterion for testing statistical significance.