Which of the Following Correctly Identifies Normal Balances of Accounts

question 205

Short Answer

Which of the following correctly identifies normal balances of accounts?

---

Definitions:

Representation

The action of speaking or acting on behalf of someone or the state of being so represented.

Revolutionary War Debt

Revolutionary War Debt refers to the financial obligations incurred by the United States during the American Revolutionary War, which the government sought to repay post-war.

Income Taxes

Taxes imposed by the government directly on individuals' or entities' income, increasing as the taxable amount increases.

Constitution

The foundational document setting forth the principles, structures, and processes of a government.