Which of the Following Groups of Accounts Have a Normal

question 10

Multiple Choice

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

• A) Revenue, liabilities, and capital
• B) Assets, capital, and withdrawals
• C) Liabilities, expenses, and assets
• D) Assets, expenses, and withdrawals

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Definitions:

Farmland

Land used for the purpose of agricultural activities such as growing crops and rearing animals.

Highly Valued Resource

An asset or input considered to be of great importance or worth, often due to its scarcity or role in production.

Water

A crucial resource for life on Earth, involved in domestic, agricultural, and industrial uses.

Conflicts

Situations of disagreement or discord arising from differences in interests, values, or beliefs between parties.