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:

Common Ground

Shared beliefs, values, or positions among different parties that serve as a foundation for mutual understanding or agreement.

Audience Members

Individuals who are part of the intended group receiving or viewing a message, performance, or presentation.

General Purpose

Something designed to be suitable for a variety of tasks rather than specialized for a specific function.

Top Management

The highest level of executives and administrators in an organization, responsible for making strategic decisions and overseeing the organization's operations.