Which of the Following Accounts Normally Does Not Have a Debit

question 120

Multiple Choice

Which of the following accounts normally does not have a debit balance?

• A) Dividends.
• B) Wage Expense.
• C) Building.
• D) Share Capital.

Understand the graphical representation and interpretation of production functions, including total product curves.

Understand and explain various cognitive biases and their impact on decision making.

Differentiate between various cognitive biases such as confirmation bias, framing effect, availability heuristic, and representativeness heuristic.

Recognize the influence of cognitive biases in everyday situations.

---

Definitions:

Equipment

Equipment consists of the tools, machinery, and other durable assets used by a business to carry out its operations.

Cash

Money in the form of currency, including coins and banknotes, which is used as a medium of exchange and legal tender.

Equally

In a manner that showcases uniformity or parity in distribution, value, or measure among all parties or elements involved.

Individually Liable

A legal concept where an individual is personally responsible for fulfilling the obligations of a contract or debt.