A Credit Is Not the Normal Balance for Which Account

question 90

Multiple Choice

A credit is not the normal balance for which account listed below?

• A) Common stock account
• B) Revenue account
• C) Liability account
• D) Dividends account

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Definitions:

Understanding

The ability to grasp the meaning, significance, or nature of something.

Reward

A benefit, recognition, or compensation given for the completion of a task or achievement.

Behavior

Describes the actions or reactions of an entity (typically a person or an animal) in response to external or internal stimuli.

Principle Of Scarcity

A tactic used in negotiation and persuasion suggesting that a product, resource, or opportunity is limited in availability, thereby increasing its desirability.