Which of the Following Types of Accounts Have a Normal

question 148

Multiple Choice

Which of the following types of accounts have a normal credit balance?

• A) assets and liabilities
• B) liabilities and expenses
• C) revenues and liabilities
• D) capital stock and dividends

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Definitions:

External Interrelationships

Connections between an entity and external factors or other entities that influence or are influenced by it.

Kingsley Davis

An American sociologist and demographer known for his work on human society, population growth and decline, and the concept of the demographic transition.

Wilbert Moore

A sociologist known for his work on the functionalist theory of social stratification and the social aspects of economic development.

Society

A body of individuals participating in ongoing social relationships, or a substantial social entity occupying the same spatial or societal area, usually under the control of identical political leadership and common cultural standards.