Which of the following is a true statement? (Note: A statement may be true even if it does not identify all accounts that have debit balances on that particular financial statement).
A)Account numbers 1, 3, and 5 normally have debit balances.
B)Account numbers 2, 4, and 5 normally have debit balances.
C)Account numbers 2, 5, and 8 normally have debit balances.
D)Account numbers 4, 5, and 6 normally have debit balances.

Question

Which of the following is a true statement? (Note: A statement may be true even if it does not identify all accounts that have debit balances on that particular financial statement).
A)Account numbers 1, 3, and 5 normally have debit balances. 
B)Account numbers 2, 4, and 5 normally have debit balances. 
C)Account numbers 2, 5, and 8 normally have debit balances. 
D)Account numbers 4, 5, and 6 normally have debit balances.

Quizplus · Accepted Answer

The Answer of  Which of the following is a true statement? (Note: A statement may be true even if it does not identify all accounts that have debit balances on that particular financial statement).
A)Account numbers 1, 3, and 5 normally have debit balances. 
B)Account numbers 2, 4, and 5 normally have debit balances. 
C)Account numbers 2, 5, and 8 normally have debit balances. 
D)Account numbers 4, 5, and 6 normally have debit balances.

Which of the Following Is a True Statement? (Note: a Statement