Which of the Following Accounts Usually Has a Debit Balance

question 104

Multiple Choice

Which of the following accounts usually has a debit balance?

• A) Accounts Payable
• B) Sales Tax Payable
• C) Sales
• D) Merchandise Inventory

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Definitions:

Generate

Generate means to produce or create something, often through a process that involves some level of creativity or effort.

Specific Response

A distinct or particular reply to a question, situation, or stimulus.

Distinct Traits

Unique characteristics or qualities that distinguish an individual, object, or idea from others.

Professionalism

The conduct, behavior, and attitude deemed appropriate and effective in a work or professional setting.