A Knowledge of the Normal Balances of Accounts Would Help

question 72

Multiple Choice

A knowledge of the normal balances of accounts would help you spot which of the following as an error in recording?

• A)a debit balance in the Dividends Declared account
• B)a credit balance in an expense account
• C)a credit balance in a liabilities account
• D)a credit balance in a revenue account

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Definitions:

Pokemon Characters

Fictional creatures in the Pokémon franchise, each with unique names, types, and abilities, used by Pokémon Trainers for battles and competitions.

Drug Tolerance

A physiological condition in which higher doses of a drug are required to achieve the same effect achieved initially, due to the body’s adaptation to the drug.

Classical Conditioning

A pairing method in education where two stimuli are constantly linked; the response, originally triggered by the second stimulus, is over time triggered by just the first stimulus.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned response.