An Awareness of the Normal Balances of Accounts Would Help

question 42

Multiple Choice

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

• A) A debit balance in an asset 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:

Karst Topography

Topography characterized by sinkholes, caves, limestone pillars, poorly organized drainage patterns, and disappearing streams; generally formed from the dissolution of limestone.

Coral Reefs

Biodiverse underwater ecosystems constructed by colonies of coral polyps held together by calcium carbonate, found in tropical oceans.

Sea Caves

Natural hollows formed by the wave action of the sea on weak points in coastal cliffs, known for their stunning landscapes and ecological habitats.

Marine Terraces

Flat, wave-cut platforms formed by the erosion of marine shores, marked by a rise in sea level or land level.