The Classification and Normal Balance of an Expense Account Is

question 40

Multiple Choice

The classification and normal balance of an expense account is

• A)revenue, credit.
• B)asset, debit.
• C)liability, credit.
• D)shareholders' equity, debit.

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Definitions:

Rounded

The process of adjusting numerical values to a specified degree of accuracy, typically to make them simpler or more manageable.

Rounded

A numerical value that has been adjusted to a less precise form, often to make it simpler or easier to communicate.

Median

In a dataset arranged by size, either upwards or downwards, the middlemost value is referred to as the median.