Select the Account Below That Normally Has a Credit Balance

question 131

Multiple Choice

Select the account below that normally has a credit balance.

• A)Cash.
• B)Office Equipment.
• C)Wages Payable.
• D)Dividends.
• E)Sales Salaries Expense.

Understand the influence of personal beliefs on the acceptance of research findings.

Assess the appropriateness and effectiveness of various data collection methods in social research.

Acknowledge and understand ethical standards in social and medical scientific research.

Understand the concepts and purposes of Sales Returns and Allowances and Sales Discounts.

---

Definitions:

Regulators

Authorities or agencies responsible for supervising and enforcing laws within a particular industry or sector to ensure safety, fairness, and compliance.

Legal Authority

Legal authority involves the officially granted power to make decisions, carry out actions, or enforce laws within a given area or on a specific topic.

Financial Accounting

It refers to the process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.

General-purpose Financial Statements

Financial reports prepared for external users, such as investors and creditors, providing a broad overview of a company's financial position and performance.