Which One of the Following Account Groups Normally Has a Credit

question 208

Multiple Choice

Which one of the following account groups normally has a credit balance?

• A) assets and liabilities
• B) equity and assets
• C) liabilities and revenues
• D) assets and expenses

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Definitions:

Ancestors

Predecessors from whom a person or animal is descended, often considered in the context of evolution, genealogy, or cultural heritage.

Hindlimbs

The rear limbs or legs of an animal, often used for propulsion in terrestrial species.

Evidence

Information or facts that are used to support a conclusion or hypothesis.

Epidemiology

The study of how diseases spread and can be controlled in populations, focusing on patterns, causes, and effects of health and disease conditions.