Identify the Accounts That Would Normally Have Balances in the Credit

question 9

Multiple Choice

Identify the accounts that would normally have balances in the credit column of a business's trial balance.

• A)Liabilities and expenses.
• B)Assets and revenues.
• C)Revenues and expenses.
• D)Revenues and liabilities.
• E)Dividends and liabilities.

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Definitions:

Id

Within the framework of psychoanalytic theory, it refers to the segment of the mind responsible for generating innate impulses and urging the instant gratification of basic desires.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often accompanied by physical sensations such as increased heart rate.

Unconscious Mind

The part of the mind that is beyond consciousness, harboring thoughts, memories, and desires that are not immediately accessible but influence behavior.

Superego

The part of the personality in Freudian psychoanalysis that represents internalized ideals and provides standards for judgment.