Which of the Following Correctly Identifies Normal Balances of Accounts

question 80

Multiple Choice

Which of the following correctly identifies normal balances of accounts?

• A)
• \(\begin{array}{ll}
• \text { Assets } & \text { Debit } \\
• \text { Liabilities } & \text { Credit } \\
• \text { Equity } & \text { Credit } \\
• \text { Revenues } & \text { Debit } \\
• \text { Expenses } & \text { Credit }
• \end{array}\)
• B)
• \(\begin{array}{ll}
• \text { Assets } & \text { Debit } \\
• \text { Liabilities } & \text { Credit } \\
• \text { Equity } & \text { Credit } \\
• \text { Revenues } & \text { Credit } \\
• \text { Expenses } & \text { Credit }
• \end{array}\)
• C)
• \(\begin{array}{ll}
• \text { Assets } & \text { Credit } \\
• \text { Liabilities } & \text { Debit } \\
• \text { Equity } & \text { Debit } \\
• \text { Revenues } & \text { Credit } \\
• \text { Expenses } & \text { Debit }
• \end{array}\)
• D)
• \(\begin{array}{ll}
• \text { Assets } & \text { Debit } \\
• \text { Liabilities } & \text { Credit } \\
• \text { Equity } & \text { Credit } \\
• \text { Revenues } & \text { Credit } \\
• \text { Expenses } & \text { Debit }
• \end{array}\)

Understand the structure and key components of a formal report.

Identify and use appropriate coherence techniques in report writing.

Know the function and proper use of preliminary parts in a formal report.

Understand the role and composition of the addenda in a report.

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Definitions:

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A thought or presumption which is not based on reason or factual evidence, often leading to negative psychological outcomes.