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

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Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action, providing a company or individual with a sense of direction and purpose.

Behavior

The range of actions and mannerisms exhibited by entities, organisms, or systems in conjunction with their environment or within specific contexts.

Values Drift

A gradual shift in personal or organizational values over time, potentially leading to a change in behavior or policy.

Work Environment

The setting, conditions, and culture an individual experiences within their workplace.