Which of the Following Accounts Would Normally Have a Debit

question 102

Multiple Choice

Which of the following accounts would normally have a debit balance and appear in the balance sheet?

• A)Accounts Receivable.
• B)Deferred Revenue.
• C)Salaries Expense.

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Definitions:

Brand Names

Brand names are names given to a product or service by a company to differentiate it from competitors, signifying reputation and quality.

Less Developed Country

A country characterized by low levels of economic development, often measured by GDP per capita, industrialization, and standard of living.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power and product differentiation.

Oligopoly

A market setup where just a few companies dominate the market, resulting in minimal competition.