The Normal Balance of the Accounts Receivable Account Is a ________

question 129

Multiple Choice

The normal balance of the Accounts Receivable account is a ________ because it is a(n) ________ account.

• A)credit;liability
• B)debit;stockholders' equity
• C)credit;expense
• D)debit;asset

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Definitions:

Electoral Votes

Votes cast by members of the electoral college, who are selected by voters in each U.S. state, that determine the outcome of presidential elections.

John Quincy Adams

John Quincy Adams was the sixth President of the United States (1825–1829), known for his diplomatic contributions before his presidency and his post-presidential career in the House of Representatives, where he was a strong advocate for civil liberties and abolitionism.

Andrew Jackson

The seventh President of the United States (1829–1837) known for his populist policies and for being the founder of the Democratic Party.

Spoils System

A practice where government jobs are given to political supporters and friends, often criticized for rewarding loyalty over merit.