The Normal Balance of a Liability Account Is a Debit

question 61

True/False

The normal balance of a liability account is a debit.

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Definitions:

Hawthorne Studies

A series of experiments on workplace productivity that highlighted the impact of social relations and worker satisfaction.

Worker Performance

The degree to which an employee accomplishes tasks and fulfills objectives efficiently and effectively, often evaluated against predetermined standards.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, organizing human needs into a five-level pyramid, from basic physiological needs to self-actualization.

Physiological Needs

The basic, essential life needs such as food, water, and shelter that must be met in order for an individual to survive and function properly.