Which of the Following Accounts Normally Has a Debit Balance

question 26

Multiple Choice

Which of the following accounts normally has a debit balance?

• A)Accounts payable.
• B)Retained earnings.
• C)Accounts receivable.
• D)Service revenue.

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Definitions:

Population Parameters

Numeric characteristics or measures that describe an aspect of a population.

Sample Statistics

Statistics calculated from a subset of the population data, used to estimate population parameters.

Margin of Error

An expression of the amount of random sampling error in survey results.

Population Mean

The population mean is the average value of all the items in a population.