Which of the Following Correctly Identifies the Normal Balances of Accounts

question 34

Multiple Choice

Which of the following correctly identifies the normal balances of accounts?

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

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Definitions:

Dietary Restraint

The practice of consciously limiting the intake of certain foods or overall calorie consumption to control body weight.

Eating Binge

A behavior characterized by episodes of excessive eating, often followed by feelings of shame or regret.

Behavioural Component

The aspect of attitudes or responses that involves observable action or behavior in response to stimuli or situations.

Cognitive Component

An aspect of attitude and thoughts encompassing beliefs, ideas, and information about an object or situation.