Of the Following Accounts, the One That Normally Has a Credit

question 160

Multiple Choice

Of the following accounts, the one that normally has a credit balance is:

• A) Cash.
• B) Office Equipment.
• C) Wages Payable.
• D) Owner, Withdrawals.
• E) Sales Salaries Expense.

---

Definitions:

Competitive Price

A pricing strategy where the price is set based on the prices of similar products or services in the market, aiming for an optimal balance between profitability and competitiveness.

Growing Inequality

Growing inequality refers to the increasing disparity in income and wealth distribution among a population.

Data Analysis Skills

The competency in processing and interpreting data to draw meaningful conclusions, critical in decision-making processes across various fields.

Wage Disparity

The difference in earnings among workers, often due to factors like gender, race, or job type.