Which of the Following Accounts Would Normally Have a Credit

question 103

Multiple Choice

Which of the following accounts would normally have a credit balance?

• A)Accounts Payable,Service Revenue,Common Stock.
• B)Salaries Payable,Deferred Revenue,Delivery Expense.
• C)Income Tax Payable,Service Revenue,Dividends.

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Definitions:

Aggregate-Demand Curve

A graphical representation showing the relationship between the overall price level in the economy and the total demand for goods and services.

Aggregate Demand

The total demand for all goods and services in an economy at a given overall price level and time.

Tax Cuts

Reductions in the amount of taxes that individuals or corporations must pay to the government, often aimed at stimulating economic growth or achieving policy goals.

Legislation

Laws that have been passed by a governing body or legislature.