A Debit Is Not the Normal Balance for Which Account

question 144

Multiple Choice

A debit is not the normal balance for which account listed below?

• A) Equipment
• B) Cash
• C) Accounts Receivable
• D) Accounts Payable

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Definitions:

Bargaining Agents

Individuals or entities appointed to negotiate on behalf of a group, typically in labor unions or collective bargaining situations.

Collective Agreements

Contracts between employers and a group of employees that outline the terms of employment, including wages, working conditions, and dispute resolution procedures.

Constructive Dismissal

Employer termination of a contract of employment by a substantial, unilateral change in the terms or conditions of employment.

Fundamental Breach

A breach of the contract that goes to the root of the agreement.