Which One of the Following Account Groups Normally Has a Debit

question 192

Multiple Choice

Which one of the following account groups normally has a debit balance?

• A) assets and expenses
• B) revenues and expenses
• C) liabilities and revenues
• D) assets and liabilities

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Definitions:

Economic and Political

Pertaining to the systems or activities associated with the governance and distribution of resources within a society.

Ego Control

The ability to regulate impulses, emotions, and desires in accordance with one's own needs and societal expectations.

Hans Eysenck

A psychologist known for his work in the field of personality, including the development of a dimensional model of personality traits.

Essential Traits

Fundamental characteristics or qualities considered to be inherent and defining components of an individual's personality.