The Normal Balance of the Common Shares Account Is a ________

question 45

Multiple Choice

The normal balance of the Common Shares account is a ________ because it increases ________.

• A) debit; assets
• B) credit; shareholders' equity
• C) credit; liabilities
• D) debit; expenses

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Definitions:

Sagebrush

A type of shrub native to North America, known for its aromatic leaves and adapted to dry, arid conditions, commonly found in desert and steppe environments.

Desert

A temperate or tropical biome in which lack of precipitation limits plant growth.

Cactus

A family of plants that are adapted to dry environments, known for their thick, fleshy parts used to store water.

Yucca

A genus of perennial shrubs and trees in the family Asparagaceae, known for their rosettes of evergreen, tough, sword-shaped leaves and large terminal panicles of white or whitish flowers.