Which of the Following Items Generally Has a Credit Balance

question 28

Multiple Choice

Which of the following items generally has a credit balance in the income statement columns of the worksheet?

• A) Purchase Returns and Allowances
• B) Purchases
• C) Accumulated Depreciation
• D) Accounts Payable

---

Definitions:

Recurring Themes

Elements or ideas that appear repeatedly in a literary work, film, or other piece of artistic expression, serving to underscore deeper messages or values.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his theories on the collective unconscious and archetypes.

Neo-Freudian

Refers to psychologists who accepted the basic components of Freud's theory but modified it to include social and cultural aspects.

Social Relationships

Bonds or connections between individuals in a society, characterized by varying degrees of intimacy, dependency, and social interaction.