The Normal Balance of Income Summary Is

question 9

Multiple Choice

The normal balance of Income Summary is:

• A)debit.
• B)credit.
• C)The account does not have a normal balance.
• D)It depends on which financial statement it appears.

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Definitions:

Lower Order Needs

Are physiological, safety and social needs in Maslow’s hierarchy.

Physiological Needs

Basic physical requirements for human survival, such as air, water, food, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Social Needs

Fundamental human requirements for belonging, love, and affection, often motivating behavior and influencing societal relationships.

Safety Needs

Fundamental requirements for a secure and protected environment, often considered a basic human motivation.