A Credit Is Not the Normal Balance for Which Account

question 30

Multiple Choice

A credit is not the normal balance for which account listed below?

• A) Capital account
• B) Revenue account
• C) Liability account
• D) Owner's Drawings account

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Definitions:

Evaluate

To assess or determine the value, significance, or condition of something through careful examination and analysis.

Evaluate

The process of determining the value or significance of something through analysis or assessment.

Prorata Interest

Interest calculated proportionally, based on the fraction of the period for which the interest is accrued.

Evaluate

To assess or appraise the value, performance, or significance of an object, project, or situation.