Which of the Following Is Expected to Have a Credit

question 21

Multiple Choice

Which of the following is expected to have a credit balance?

• A) Trade payables
• B) Trade receivables
• C) Rent
• D) Inventory

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Definitions:

Cenozoic

The current geological era, beginning around 66 million years ago and characterized by the significant development and spread of mammals on Earth.

Ancestral Rockies

Refers to a mountain range that existed in the western United States during the late Paleozoic era, before the formation of the modern Rocky Mountains.

Island Arcs

A curved chain of volcanic islands located at a tectonic plate boundary, typically with a deep ocean trench on the convex side.

Orogeny

The process of mountain formation, especially by the folding and faulting of the Earth's crust, typically as a result of the collision of tectonic plates.