Which One of the Following Accounts Will Have a Credit

question 28

Multiple Choice

Which one of the following accounts will have a credit balance?

• A)Dividends
• B)Salary Expense
• C)Supplies
• D)Common Stock

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Definitions:

Complement Method

A mathematical technique used to simplify the process of subtraction by utilizing the "complement" of a number.

Cash Discount

A reduction in an invoice amount available to the buyer for paying all or part of the amount due within a stated period of time.

Invoice Date

The date stated on an invoice; the beginning of the discount period.

Partial Payment

A payment that is made towards a debt or obligation that is less than the full amount owed at that time.