Of the Following Accounts, the One That Normally Has a Credit

question 160

Multiple Choice

Of the following accounts, the one that normally has a credit balance is:

• A) Cash.
• B) Office Equipment.
• C) Wages Payable.
• D) Owner, Withdrawals.
• E) Sales Salaries Expense.

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Definitions:

Information

Data that has been organized and processed to provide meaning and context, making it useful for decision-making.

Knowledge

Information, understanding, or skill that one gets from experience or education.

Value

The importance, worth, or usefulness of something, often measured in terms of money, utility, or general desirability.

Departmental Information System

A system designed to support the information management needs of a specific department within an organization, enhancing its efficiency and productivity.