Which of the Following Accounts Has a Credit Balance

question 67

Multiple Choice

Which of the following accounts has a credit balance?

• A)Salaries Expense.
• B)Income Tax Payable.
• C)Land.
• D)Prepaid Rent.

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Definitions:

Legal Protection

Measures and policies implemented through the legal system to safeguard interests, rights, or properties, including environmental conservation, intellectual property, and human rights.

Wildlife Species

Refers to animals that inhabit and thrive in wild areas without human intervention, contributing to biodiversity and ecological balance.

Extirpated Species

Species that have been removed or are extinct from a specific area, but still exist elsewhere in the wild or in captivity.