Which of the Following Groups of Accounts Have a Normal

question 168

Multiple Choice

Which of the following groups of accounts have a normal debit balance?

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

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Definitions:

Retail Customers

Individuals who purchase goods or services for personal use from retail stores, as opposed to buying for business or resale purposes.

Wholesale Prices

The cost at which goods are sold by wholesalers to retailers, usually lower than the retail price due to the absence of retailer markup.

Wholesalers

Businesses that sell goods in large quantities at lower prices, typically to retailers, other businesses, or professional users, but not directly to the end consumer.

Category Specialists

Retailers or businesses that focus on a specific category of products, offering a wide selection and deep knowledge within that category.