A Contra Account's Normal Balance (Debit or Credit)is the Opposite

question 198

True/False

A contra account's normal balance (debit or credit)is the opposite of the normal balance of the related account.

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Definitions:

Respondents

Individuals who answer or respond to surveys and questionnaires as part of research studies.

Durkheim's Theory

Emile Durkheim's sociological theory that focuses on how societies maintain order and cohesion, emphasizing the role of social norms, values, and institutions.

Social Cohesion

Describes the bonds that bring people together in a society, enabling them to cooperate and live harmoniously with a sense of mutual trust and belonging.

Social Conflict

A struggle for agency or power in society between groups or individuals, often arising from unequal social relations.