An Awareness of the Normal Balances of Accounts Would Help

question 126

Multiple Choice

An awareness of the normal balances of accounts would help you spot which of the following as an error in recording?

• A)A debit balance in the Dividends account
• B)A credit balance in an expense account
• C)A credit balance in a liabilities account
• D)A credit balance in a revenue account

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Definitions:

Marketing Strategy

The overall game plan of a business for reaching prospective consumers and turning them into customers of their products or services, including market segmentation and positioning.

Approaches to Marketing Implementation

Various methods or strategies employed to put marketing plans into action and achieve the marketing objectives.

Advantages

Favorable factors or benefits that give a product, service, or business a competitive edge over others in the market.

Disadvantages

These are the negative aspects or shortcomings associated with a particular decision, strategy, or product.