For Owner's Capital,the Category of Account and Its Normal Balance

question 152

Multiple Choice

For Owner's Capital,the category of account and its normal balance is ________.

• A)equity and a credit balance
• B)assets and a debit balance
• C)equity and a debit balance
• D)assets and a credit balance

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Definitions:

Throne

A ceremonial chair used by a sovereign, bishop, or other high official for state or religious ceremonies, symbolizing authority or divinity.

Council Of Trent

A major Roman Catholic Council held between 1545 and 1563 in Trent (now in Italy), pivotal for the Counter-Reformation, it clarified church doctrines and reformed clerical practices.

Roman Catholic

Pertaining to the branch of Christianity headed by the Pope, with distinctive liturgical, legal, and theological traditions.

Reformation

A religious movement in the 16th century that led to the creation of Protestant churches and aimed at reforming the beliefs and practices of the Roman Catholic Church.