Which of the Following Accounts Doesn't Have a Credit Balance

question 58

Multiple Choice

Which of the following accounts doesn't have a credit balance?

• A)Gain on sale of land
• B)Investment income
• C)Unearned revenues
• D)Rent expense

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Definitions:

Poor

Individuals or populations that lack financial resources and essentials for a minimum standard of living.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country, used to identify those living in poverty.

Welfare

Welfare refers to government programs designed to support the well-being of its citizens, especially those in financial need.

Poverty Line

A defined level of income that is considered the minimum necessary to maintain a standard of living.