Which of the Following Groups Contain Only Accounts That Normally

question 11

Multiple Choice

Which of the following groups contain only accounts that normally have credit balances?

• A) Accounts Receivable and Fees Income
• B) Salaries Expense and Accounts Payable
• C) Fees Income and John Smith,Capital
• D) Accounts Payable and Equipment

---

Definitions:

Input

Resources such as labor, materials, and capital used in the production of goods and services.

Planned Output

The quantity of goods or services that a company intends to produce in a specific period.

Production Function

A mathematical relationship expressing the output generated by a firm from different quantities of inputs.

Capital

Economic resources that are used to produce goods and services, including buildings, machinery, tools, and equipment.