Which of the Following Accounts Normally Has a Debit Balance

question 36

Multiple Choice

Which of the following accounts normally has a debit balance?

• A)Accounts payable
• B)Retained earnings
• C)Land
• D)Sales revenue

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Definitions:

Same-Sex Marriage

The legally or socially recognized marriage of two individuals of the same sex or gender identity.

Emerging Adults

Refers to individuals in their late teens through twenties, navigating the transition from adolescence to full-fledged adulthood.

Successful Marriage

A partnership characterized by mutual satisfaction, understanding, and long-term stability between spouses.

Emerging Adults

Individuals in a developmental phase ranging from late teens to mid-twenties, characterized by exploration and gradual transition into adulthood.