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

question 78

Multiple Choice

For Capital,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) Assets and a credit balance.

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Definitions:

Verification and Application

The process of confirming the accuracy or validity of information or theories and then putting them into practice in real-world situations.

Creative Talent

The innate or developed ability to generate original ideas, solutions, or artistic expressions, which is considered valuable and desirable in many fields.

Organizational Ranks

The hierarchical structure within an organization that identifies the levels of responsibility, authority, and position of each employee.

Creative Person

An individual who consistently demonstrates the ability to produce new and original ideas, solutions, or artistic expressions.