The Transaction That Could Not Result in a Credit Balance

question 36

Multiple Choice

The transaction that could not result in a credit balance in a debtor's account is:

• A)Receipt of a deposit for work ordered
• B)Return of faulty goods by a customer after payment had been made
• C)Payment by a customer after the debt had been written off as irrecoverable
• D)Sale of goods on credit that will be paid for in the next accounting period

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Definitions:

Homeobox

A DNA sequence found within genes that are involved in the regulation of patterns of anatomical development.

Pattern Formation

Positioning of cells during development that determines the final shape of an organism.

Fetus

The stage of development in mammals following the embryonic stage, characterized by rapid growth and maturation of organs and systems.

Development

The process through which living organisms grow and become more complex, involving physical, biological, and sometimes psychological changes.