Which of the Following Is Best Classified as a Class

question 47

Multiple Choice

Which of the following is best classified as a Class A explosive?

• A)black powder
• B)propellant
• C)photographic flash powder
• D)explosive rivets

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Definitions:

Financial Statement

Reports that convey the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

Normal Balance

The typical side (debit or credit) on which an account increases, based on its classification in the accounting equation.

Account Category

A way to organize various types of accounts in accounting, such as assets, liabilities, equity, revenue, and expenses, based on their nature.

Subsidiary Ledger

A detailed ledger that contains all the transactions of a particular account, which then summarizes into a single general ledger account.