Which of the Following Describes the Classification and Normal Balance

question 3

Multiple Choice

Which of the following describes the classification and normal balance of the Retained Earnings account?

• A)Asset, debit
• B)Stockholders' equity, credit
• C)Revenues, credit
• D)Expense, debit

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Definitions:

Cycle

In an alternating current (AC) circuit, one complete waveform, including a positive and a negative swing, usually measured in hertz (Hz).

Delta Connected

A method of circuit connection in electrical engineering where three components form a closed loop resembling the Greek letter Delta (Δ).

Phase Voltage

The voltage measured across a single component in a multi-phase system.

Line Voltage

The voltage measured across two phases in a polyphase system, typically higher than the voltage of any single phase.