Which of the Following Groups of Accounts Normally Have a Debit

question 39

Multiple Choice

Which of the following groups of accounts normally have a debit balance?

• A)assets and expenses
• B)revenues and expenses
• C)liabilities and owner's equity
• D)assets and liabilities

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Definitions:

Project Management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

Organizations

Groups or institutions comprising individuals working together to achieve common goals or objectives.

Critical Path Method

A project management technique for determining the longest sequence of dependent tasks and scheduling resources to optimize achievement of project objectives.

PERT Chart

A project management tool used to schedule, organize, and coordinate tasks within a project, standing for Program Evaluation and Review Technique.