Which of the Following Accounts Would Not Be Found on the Credit

question 105

Multiple Choice

Which of the following accounts would not be found on the credit side of a trial balance?

• A)Equipment
• B)Accounts Payable
• C)Retained Earnings
• D)Sales Revenue
• E)Paid-in Capital

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Definitions:

Co-Owner

An individual or entity that shares ownership of an asset, property, or business with one or more parties.

Venture Capitalists

Investors who provide capital to startups and small businesses with long-term growth potential in exchange for equity, or partial ownership of the company.

Angel Investors

Wealthy individuals who provide capital for start-ups or entrepreneurs in exchange for ownership equity or convertible debt.

High-Potential

Refers to individuals or assets with the capacity to develop significantly beyond their current level of performance or value, often focusing on future leadership or investment growth.