On the Trial Balance, Which Account Balances Should Be Listed

question 65

Multiple Choice

On the trial balance, which account balances should be listed in the credit column?

• A)Liabilities, Retained Earnings, and Revenues
• B)Assets, Retained Earnings, and Expenses
• C)Liabilities, Common Stock, and Expenses
• D)Assets, Dividends, and Expenses

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Definitions:

Predetermined Overhead

An estimated rate used to allocate manufacturing overhead costs to individual units of production based on a specific activity base.