The Normal Balance of an Account

question 78

Multiple Choice

The normal balance of an account:

• A)is always a debit.
• B)is always a credit.
• C)is the side that increases the account balance.
• D)can be determined from the journal.

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Definitions:

Revocation

The act of withdrawing, cancelling, or annulling something previously granted, such as a contract, offer, or license.

Offer

A proposal made with the intent that, if accepted, it will become a legally binding agreement.

Revocation

The act of officially canceling or withdrawing something, such as a law, right, or offer.

Offeree

An offeree is a person or entity to whom an offer is made, typically in the context of contracting or other legal agreements.