Which of the Following Correctly Identifies Normal Balances of Accounts

question 91

Short Answer

Which of the following correctly identifies normal balances of accounts? a.
$\begin{array}{ll}\text { Assets } & \text { Debit } \\\text { Liabilities } & \text { Credit } \\\text { Stockholders' Equity } & \text { Credit } \\\text { Revenues } & \text { Debit } \\\text { Expenses } & \text { Credit }\end{array}$

b.
$\begin{array}{ll}\text { Assets } & \text { Debit } \\\text { Liabilities } & \text { Credit } \\\text { Stockholders' Equity } & \text { Credit } \\\text { Revenues } & \text { Credit } \\\text { Expenses } & \text { Credit }\end{array}$

c.
$\begin{array}{ll}\text { Assets } & \text { Credit } \\\text { Liabilities } & \text { Debit } \\\text { Stockholders' Equity } & \text { Debit } \\\text { Revenues } & \text { Credit } \\\text { Expenses } & \text { Debit }\end{array}$

d.

$\begin{array}{ll}\text { Assets } & \text { Debit } \\\text { Liabilities } & \text { Credit } \\\text { Stockholders' Equity } & \text { Credit } \\\text { Revenues } & \text { Credit } \\\text { Expenses } & \text { Debit }\end{array}$

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Definitions:

Metacognitive Abilities

The awareness and understanding of one’s own thought processes, allowing individuals to regulate their learning.

Middle Years

A period in human life, often considered as middle adulthood, encompassing ages approximately 40 to 65, characterized by established life structures and potential mid-life transitions.

Rote Learning

is a memorization technique based on repetition, often without an understanding of the reasoning or relationships behind the information being learned.

Selective Rehearsal

A cognitive process in memory in which only certain information is rehearsed or repeatedly practiced, enhancing its storage and retrieval from long-term memory.