What Type of Account Will Normally Contain a Debit Balance

question 66

Multiple Choice

What type of account will normally contain a debit balance?

• A) Asset.
• B) Liability.
• C) Owners' equity.
• D) Revenue.

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Definitions:

Pre-purchase Evaluation

The process by which consumers assess and compare products or services before making a purchase decision.

Transparency

Transparency in a business or governance context refers to openness, communication, and accountability, sharing information freely to foster trust.

Opinions Offered

Opinions offered represent the provision of personal views, judgments, or assessments about a specific topic, often shared in discussions, reviews, or advisory contexts.

Infectiousness

The characteristic of a disease or information that denotes its ability to spread rapidly from one individual to another.