Which of the Following Groups of Accounts Have a Normal

question 10

Multiple Choice

Which of the following groups of accounts have a normal credit balance?

• A) Revenue, liabilities, and capital
• B) Assets, capital, and withdrawals
• C) Liabilities, expenses, and assets
• D) Assets, expenses, and withdrawals

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Definitions:

Howard Gardner

An American developmental psychologist known for his theory of multiple intelligences, which suggests that individuals have various distinct types of intelligences.

Psychologists

Professionals specializing in the study of the mind and behavior, dealing with how people think, feel, and act.

Script

In relationship transactions, a psychological script like a movie or theater script, with characters, dialogue, etc., that most people heard as children.

Payoff

The return or reward resulting from an action or investment, which can be in the form of profit, benefit, or satisfaction.