Which of the Following Accounts Would Normally Have a Credit

question 75

Multiple Choice

Which of the following accounts would normally have a credit balance?

• A)Accounts Receivable
• B)Retained Earnings
• C)Inventory
• D)Depreciation Expense

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Definitions:

Cnidarians

Cnidarians are a phylum of aquatic invertebrates that include jellyfish, corals, and sea anemones, characterized by a simple body plan with a mouth surrounded by tentacles.

Gills

Respiratory organs found in many aquatic organisms, used for the exchange of gases (oxygen and carbon dioxide) with the water.

Bivalves

Bivalves are a class of marine and freshwater mollusks that have bodies enclosed by a shell consisting of two hinged parts.

Muscular Foot

A muscular structure found in many mollusks used for movement and anchoring.