In Terms of Debits and Credits, Which Types of Accounts

question 48

Multiple Choice

In terms of debits and credits, which types of accounts have the same debit or credit) normal balances?

• A) dividends, expenses, assets
• B) assets, capital stock, revenues
• C) retained earnings, dividends, liabilities
• D) expenses, liabilities, capital stock

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Definitions:

Homeostasis

The ability of organisms or cells to regulate their internal environment and maintain a stable, constant condition in response to external changes.

Physiological Needs

Basic physical requirements for human survival, such as air, food, water, and shelter, as outlined in Maslow's hierarchy of needs.

Refractory Period

A period immediately following an action (like a nerve impulse or muscle contraction) during which a cell is incapable of repeating the action.

Plateau Stage

A phase in which progress in physical or intellectual growth seems to halt, before another phase of rapid development.