Which of the Following Accounts Have Normal Credit Balances

question 56

Multiple Choice

Which of the following accounts have normal credit balances?

• A)Accounts Payable and Equipment
• B)Salaries Expense and Accounts Payable
• C)Fees Income and John Smith, Capital
• D)Accounts Receivable and Fees Income

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Definitions:

Coding

The process of converting human language into a format that can be understood and processed by computers.

Indexing

The process of creating indexes for documents or systems to organize and enable quick retrieval of information.

Storing

The act of keeping or placing things in a designated location for future use.

Negative/Normal

Terms used in medical testing and diagnostics to denote results that show the absence of a disease, condition, or abnormality.