Which of the Following Statements About Normal Account Balances Is

question 87

Multiple Choice

Which of the following statements about normal account balances is correct?

• A)Assets have debit balances and liabilities have credit balances.
• B)Assets and liabilities have credit balances.
• C)Assets have credit balances and liabilities have debit balances.
• D)Assets and liabilities have debit balances.

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Definitions:

Generalized

The process by which conclusions are drawn from specific instances to broader contexts or situations.

External Validity

The scope of applicability of research results to different settings and to a wider audience.

External Validity

The extent to which the findings of a study can be generalized to other settings, populations, or times.

Environmental Conditions

The various physical and biological factors that affect individuals and communities' living and working environments.