All of the Following Are Have Credit Balances Accounts Except

question 109

Multiple Choice

All of the following are have credit balances accounts except

• A) sales revenue.
• B) sales tax payable.
• C) sales discounts.
• D) All of these accounts have credit balances.

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Definitions:

Continuous Improvement

A management philosophy focusing on the incremental improvement of products, services, and processes over time.

Lean Business Model

An approach to business aimed at creating value for customers with minimal waste and resources.

Planning (P)

The process of setting objectives, developing strategies, and outlining tasks and schedules to achieve the goals.

Implementation (I)

The process of putting a decision or plan into effect; the action that must follow any preliminary thinking in order for something to actually happen.