For Expenses,the Category of Account and Its Normal Balance Are

question 5

Multiple Choice

For Expenses,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) Owner's equity and a debit balance.

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Definitions:

Best Practices

The most effective and efficient methods, techniques, or processes that have been proven through research and experience to achieve optimal results.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of an investment by its cost.

Financial Ratio

A numerical comparison derived from a company's financial statements that investors and analysts use to evaluate the company's financial health.

Employment Legislation

Laws and regulations that govern the relationship between employers and employees, including wages, working conditions, and workers' rights.