For Salary Payable,the Category of Account and Its Normal Balance

question 121

Multiple Choice

For Salary Payable,the category of account and its normal balance are:

• A) Owner's equity and a credit balance.
• B) Assets and a debit balance.
• C) Liabilities and a credit balance.
• D) Assets and a credit balance.

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Definitions:

MT

An abbreviation or shorthand for Modus Tollens, a logical argument form.

Inference Forms

Standard logical structures that outline the relationship between premises and conclusion, guiding the derivation of the latter from the former.

MP

A shorthand for "Member of Parliament," a representative elected to the legislative body of a country. Alternatively, in logic, it could stand for "Modus Ponens," a form of argument where from premises "If P, then Q" and "P," one concludes "Q."

Inference Forms

Structures of reasoning that establish a conclusion based on one or more premises.