Which of the Following Types of Accounts Have a Normal

question 19

Multiple Choice

Which of the following types of accounts have a normal credit balance?

• A) assets and liabilities
• B) liabilities and expenses
• C) revenues and common stock
• D) common stock and dividends

---

Definitions:

Average Farmer

A representation of a typical farmer, considering factors like production scale, income, and practices, to generalize farm operations.

Suburbanization

The process by which people move from urban areas to suburbs, leading to the growth of residential areas around cities.

Federal Government

The national government of a federal country that has powers over matters that affect the entire country, distinct from state or provincial governments.

Andrew Carnegie

A Scottish-American industrialist and philanthropist who led the expansion of the American steel industry in the late 19th century.