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.

Understand the development and significance of theory of mind.

Learn about autism and its related disorders within the context of cognitive development theories.

Grasp the significance of attachment in developmental psychology and its impact on child development.

Understand the role of language and social factors in cognitive development, as per Vygotsky's theory.

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Definitions:

Nominal GDP

The gross domestic product measured in current prices without adjusting for inflation.

Real GDP

The calculation of a nation's economic production after accounting for changes in prices, such as inflation or deflation, which shows the actual value of the products and services generated.

Nominal GDP

The gross domestic product measured in current prices, without adjusting for inflation, representing the value of all goods and services produced within a country's borders in a specific time period.

Real GDP

The measure of a nation's gross domestic product adjusted for inflation, showing the value of goods and services produced in real terms.