Indicate Whether Each of the Following Accounts Normally Possesses a Debit

question 24

Essay

Indicate whether each of the following accounts normally possesses a debit (DR)or a credit (CR)balance.
$\begin{array}{ll}\text { 1. Wage expense } & \text { 9. Merchandise Inventory } \\\text { 2. Prepaid rent } & \text { 10. Salary expense } \\\text { 3. Cost of goods sold } & \text { 11. Equipment } \\\text { 4. Cash } & \text { 12. Accounts receivable } \\\text { 5. Sales } & \text { 13. Accumulated depreciation } \\\text { 6. Paid-in-capital } & \text { 14. Notes payable } \\\text { 7. Depreciation expense } & \text { 15. Utilities expense }\\\text { 8.Accounts payable}\end{array}$

Grasp the concept of parallel or equivalent form reliability.

Comprehend the aspect of predictive validity.

Understand the concept of internal consistency, including Kuder-Richardson reliability.

Recognize the importance and methods of assuring the reliability of a test.

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Definitions:

Quantitative Values

Values that can be measured and expressed numerically, indicating the quantity of something.

Statistics

The branch of mathematics that deals with collecting, analyzing, interpreting, and presenting data.

Ratio

A ratio is a numerical comparison between two or more quantities that indicates their relative sizes.

Apartment Fire

A fire that occurs within an apartment building, posing risks to residents, property, and structures.