Which of the Following Accounts Does NOT Normally Have a Credit

question 25

Multiple Choice

Which of the following accounts does NOT normally have a credit balance?

• A) Accounts payable
• B) Retained profits
• C) Cost of goods sold
• D) Accumulated depreciation

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Definitions:

Medicinal Benefits

The health advantages gained from the consumption or use of drugs, plants, or other substances with therapeutic properties.

Precautionary Strategy

An approach to decision-making that emphasizes preventive action in the face of uncertainty, aiming to minimize risks.

Captive Breeding

The process of breeding animals in controlled environments within zoos, wildlife reserves, or other facilities to preserve endangered species.

Fertility Drugs

Medications used to treat infertility, enhancing reproductive potential by stimulating ovulation.