Consider the Following List of Accounts: Accounts Payable

question 62

Multiple Choice

Consider the following list of accounts: Accounts Payable
Cash
Prepaid Rent
Common Stock
Salaries Payable
Equipment
Supplies
Rent Expense
How many of these accounts have a normal credit balance?

• A)Two.
• B)Three.
• C)Four.
• D)Five.

---

Definitions:

English Pounds

The official currency of the United Kingdom, also known as sterling, symbolized by £.

Contextual Variable

A variable that represents factors or conditions in an environment which can impact the outcome of a study or behavior.

Transformation Inputs

The resources, materials, or efforts that are converted or transformed through processes to produce outputs in various contexts such as manufacturing, service delivery, or organizational change.

Outputs

The results or products that emerge from processes within organizations or systems.