Which of the Following Accounts Carry a Normal Credit Balance

question 270

Multiple Choice

Which of the following accounts carry a normal credit balance?

• A) Sales Tax Payable, Cost of Goods Sold, and Sales
• B) Inventory, Delivery Expense, and Sales
• C) Customer Refunds Payable, Estimated Returns Inventory, and Sales
• D) Sales Tax Payable, Customer Refunds Payable, and Sale

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Definitions:

Moral Development

The process through which individuals develop proper attitudes and behaviors towards other people in society, based on social and cultural norms, rules, and laws.

Kohlberg's Model

A theory of moral development proposed by Lawrence Kohlberg, consisting of six stages grouped into three levels, that explains how individuals evolve in their moral reasoning.

Individualistic Viewpoints

Perspectives that emphasize the importance of personal independence and the rights of individuals over the collective or group.

Non-inclusive Sample

A sample that does not adequately represent the diversity of the population being studied, leading to biased results.