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:

Norm Referenced

A type of assessment that compares an individual's performance to a group norm or average performance of others.

Scholastic Aptitude Test

A standardized test widely used for college admissions in the United States, assessing reading, writing, and mathematical reasoning abilities.

SAT

A standardized test widely used for college admissions in the United States, assessing reading, writing, and mathematical skills.

Future Behavior

Predicted actions or conduct of an individual or group based on current or past behavior patterns, often used in psychological assessments.