The Normal Balance of a Liability Account Is a Debit

question 61

True/False

The normal balance of a liability account is a debit.

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Definitions:

Average Total Cost

Total production expenses per unit of output, calculated by dividing the production costs by the quantity produced.

Mixers

Devices used to blend or mix ingredients together in cooking or in beverage preparation; also refers to non-alcoholic beverages mixed with alcoholic drinks.

Cakes

Baked goods made from ingredients such as flour, sugar, and eggs, often sweet and served as dessert or for special occasions.

Average Total Cost

The total cost per unit of output, found by dividing the total cost by the quantity of output.