A Debit Is Not the Normal Balance for Which Account

question 187

Multiple Choice

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

• A) Owner's Drawings
• B) Cash
• C) Accounts Receivable
• D) Service Revenue

---

Definitions:

Diversity Jurisdiction

A legal principle allowing federal courts to hear cases where the parties are from different states or countries and the matter in dispute exceeds a specific monetary threshold.

Damages

Financial compensation awarded to a party in a legal case for losses or injuries suffered due to the actions or negligence of another.

Different States

Refers to distinct regions or territories within a country, especially within the United States, each with its own governance and legal systems.

Exclusive Jurisdiction

The power of a court to adjudicate a case to the exclusion of all other courts.