A Debit Balance in the Retained Earnings Account Is Called

question 62

True/False

A debit balance in the Retained Earnings account is called a deficit.

---

Definitions:

Genetic Predisposition

The inherited genetic pattern that increases the likelihood of developing a particular disease, condition, or trait.

Prejudice

Preconceived opinion or bias, often unfavorable, towards individuals or groups without sufficient knowledge, rational reason, or experience.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or social pressure, sometimes at the expense of personal opinion.

Discrimination

involves unfair or prejudicial treatment of individuals based on characteristics such as race, age, gender, etc.