An Awareness of the Normal Balances of Accounts Would Help

question 13

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:

Hermaphroditic

Type of animal that has both male and female sex organs.

Earthworms

Segmented invertebrates belonging to the phylum Annelida, crucial for soil aeration and nutrient recycling.

Cross-Fertilizing

The process of fertilization in which the sperm and egg come from two different individuals, increasing genetic diversity within a species.

Parallel Parking

A method of parking a vehicle parallel to the road, in line with other parked vehicles.