Which Accounts Normally Have Debit Balances

question 45

Multiple Choice

Which accounts normally have debit balances?

• A)Assets, expenses, and revenues
• B)Assets, expense, and retained earnings
• C)Assets, liabilities, and dividends
• D)Assets, expenses, and dividends

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Definitions:

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's economies, cultures, and populations.

Modernization Theory

A model of economic and social development that explains global inequality in terms of technological and cultural differences between nations.

Industrialized Nations

Countries that have significantly developed their industries and infrastructure, leading to a high standard of living and advanced technological capabilities.