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:

Buying Power

Buying power refers to the ability of individuals or entities to purchase goods and services, often influenced by income, credit availability, and economic conditions.

Diversity Competency

The ability to understand, respect, and value the differences among individuals, contributing to an inclusive and effective working environment.

Chubb's Business

Chubb's business focuses on providing insurance products and services to individuals, families, and businesses.

Evidence-Based Management

A managerial approach focusing on making decisions and policies through the conscientious, explicit, and judicious use of the best available evidence.