Which of the Following Correctly Identifies Normal Balances of Accounts

question 56

Short Answer

Which of the following correctly identifies normal balances of accounts? A)
$\begin{array}{ll}\text { Assets } & \text { Debit } \\\text { Liabilities } & \text { Credit } \\\text { Owner's Capital } & \text { Credit } \\\text { Revenues } & \text { Debit } \\\text { Expenses } & \text { Credit }\end{array}$


B)
$\begin{array}{ll}\text { Assets } & \text { Debit } \\\text { Liabilities } & \text { Credit } \\\text { Owner's Capital } & \text { Credit } \\\text { Revenues } & \text { Credit } \\\text { Expenses } & \text { Credit }\end{array}$

C)
$\begin{array}{ll}\text { Assets } & \text { Credit } \\\text { Liabilities } & \text { Debit } \\\text { Owner's Capital } & \text { Debit } \\\text { Revenues } & \text { Credit } \\\text { Expenses } & \text { Debit }\end{array}$

D)
$\begin{array}{ll}\text { Assets } & \text { Debit } \\\text { Liabilities } & \text { Credit } \\\text { Owner's Capital } & \text { Credit } \\\text { Revenues } & \text { Credit } \\\text { Expenses } & \text { Debit }\end{array}$

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Definitions:

Seating Arrangements

The organization or layout of seats or workspaces, which can influence communication, collaboration, and social dynamics within a group.

Team Concerns

Issues or matters that are important to the well-being, performance, or success of a team.

Leadership Concerns

Issues or challenges that affect the ability of leaders to effectively guide and influence their followers, including decision-making, conflict resolution, and organizational change.

Building Trust

The process of developing a strong foundation of confidence and reliability among individuals or groups.