Which of the Following Accounts Usually Has a Debit Balance

question 250

Multiple Choice

Which of the following accounts usually has a debit balance?

• A) Accounts Payable
• B) Sales Tax Payable
• C) Sales
• D) Inventory

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Definitions:

Elites

Small, privileged groups holding significant power, wealth, or status within a society, often influencing decision-making and policy.

Pluralist Theory

Holds that power is widely dispersed. As a result, no group enjoys disproportionate influence, and decisions are usually reached through negotiation and compromise.

Heterogeneous Society

A community made up of individuals from diverse backgrounds, cultures, ethnicities, or beliefs.

Competing Interests

Situations where multiple parties have conflicting objectives, goals, or desires.