Which of the Following Accounts Does NOT Have a Normal

question 192

Multiple Choice

Which of the following accounts does NOT have a normal credit balance?

• A) accounts payable
• B) unearned revenue
• C) common shares
• D) inventory

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Definitions:

Selling Process

A series of steps taken by salespeople from initiating contact with potential customers to closing the sale and providing post-sale service.

Steps

Sequential phases or procedures followed to achieve a particular goal or complete a process.

Qualified Person

An individual who has the necessary skills, knowledge, certifications, or qualifications to perform a specific job or task.

Goods or Services

Products that can be physically touched or activities provided to customers, respectively, both of which satisfy consumer needs and wants.