In Yani's Gyros Trial Balance, Which Type of Balance Should

question 149

Multiple Choice

In Yani's Gyros trial balance, which type of balance should Yani expect for the type of account indicated?

• A) Asset - debit.
• B) Liabilities - debit.
• C) Owner's Capital - debit.
• D) Owner's Drawing - credit.

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Definitions:

Timeliness

The characteristic of being done or occurring at a favorable or useful time, especially in the context of decision-making or business operations.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

Future Event

An occurrence or situation that is expected to happen at a future date, often considered in planning and forecasting.

Past Event

A situation or occurrence that has already taken place.