Which of the Following Groups of Accounts BOTH Normally Have

question 17

Multiple Choice

Which of the following groups of accounts BOTH normally have a credit balance?

• A) Assets and Expenses
• B) Revenues and Expenses
• C) Liabilities and Owner's equity
• D) Assets and Liabilities

---

Definitions:

Homer

A legendary ancient Greek poet traditionally said to be the author of the epic poems the Iliad and the Odyssey.

Plato

An ancient Greek philosopher, a pivotal figure in the development of Western philosophy and the founder of the Academy in Athens.

Universal Form

A concept in philosophy that suggests the existence of abstract properties or forms that universally apply to instances of various objects or ideas.

Fall in Love

The emotional process of developing strong feelings of affection and attachment towards another person.