Which of the Following Accounts Would NOT Normally Have a Debit

question 142

Multiple Choice

Which of the following accounts would NOT normally have a debit balance?

• A) Inventory
• B) Cost of Goods Sold
• C) Purchase Discounts
• D) Freight-In

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Definitions:

Prostaglandins

A group of physiologically active lipid compounds having diverse hormone-like effects in animals, involved in controlling processes such as inflammation, blood flow, the formation of blood clots, and the induction of labor.

Amniotic Sac

A fluid-filled sac that surrounds and protects a fetus in the womb, providing a buoyant, cushioned environment for development.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to and removing waste from the fetus through the umbilical cord.

Incubator

A device used to maintain optimal environmental conditions for the growth and development of premature babies, or for cultivating microbiological cultures.