Which of the following accounts would normally NOT have a credit balance?
A) Accounts Payable
B) Cost of Goods Sold
C) Sales Revenue
D) Retained Earnings
Correct Answer:
Verified
Q26: An entry to the right side of
Q27: Which of the following groups of accounts
Q28: Expense and revenue accounts can be considered
Q29: Usually, when accounts receivable are collected, an
Q30: When equipment is purchased with a cash
Q32: Which of the following is true?
A) Assets
Q33: The debit and credit analysis of a
Q34: The capital stock account is
A) Increased with
Q35: Which of the following is true of
Q36: The inventory account is increased by
A) Credits
B)
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