Which of the Following Accounts Could Not Have a Credit

question 34

Multiple Choice

Which of the following accounts could not have a credit balance?

• A)accounts payable
• B)fee income
• C)office furniture
• D)capital

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Definitions:

Secondary Market

A market where investors buy and sell securities they already own, as opposed to the primary market where securities are first issued.

Institutions

Organizations or structures that are established for a particular purpose, often involved in public service, finance, or education.

Capital Market Instrument

Financial securities used to raise capital in public and private markets, including stocks and bonds.

Treasury Bond

A Treasury Bond is a fixed-interest government debt security with a maturity of more than ten years.