Which of the Following Statements Is Incorrect

question 67

Multiple Choice

Which of the following statements is incorrect?

• A)The normal balance of an expense account is a credit.
• B)The abnormal balance of a revenue account is a debit.
• C)The normal balance of the owner's withdrawals account is a debit.
• D)The normal balance of an unearned revenues account is a credit.
• E)The normal balance of the accounts receivable account is a debit.

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Definitions:

Fair Die

A die that has an equal likelihood of landing on any one of its faces when thrown.

Events

In probability and statistics, an event is a set of outcomes of an experiment or situation to which a probability is assigned.

Disjoint

Sets that have no elements in common; non-overlapping.

At Least

A mathematical expression indicating the minimum quantity or amount required or achieved, used in probabilities and statistics.