The Normal Balance of Cash Is a ________ Because It

question 154

Multiple Choice

The normal balance of cash is a ________ because it is a(n) ________ account.

• A)debit; expense
• B)credit; asset
• C)debit; asset
• D)credit; revenue

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Definitions:

Probability Sampling

A sampling method where each member of the population has a known, non-zero probability of being selected in the sample.

Sample Proportion

The fraction or percentage of the sample that possesses a certain property or characteristic.

Probability

An indicator of the probability or risk that a certain event will happen, represented by a numerical value ranging from 0 to 1.

Population Mean

The average of a set of numerical values, calculated by summing all the observations and dividing by the total number of observations in the population.