Which One of the Following Account Groups Normally Has a Debit

question 192

Multiple Choice

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

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

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Definitions:

Source of Supply

The origin from which goods and services are obtained, which could be a manufacturer, distributor, or a service provider.

Portfolio Analysis

The evaluation of the performance and composition of a collection of investments, projects, or products to make strategic decisions.

Spend Map

A tool or document used in procurement and supply chain management to visualize and analyze an organization's spending patterns, helping with strategic planning and savings identification.

Item Substitution

The practice of replacing one item with another, typically similar item, often due to availability issues or cost benefits.