The Normal Balance of a Liability Account Is a ________

question 122

Multiple Choice

The normal balance of a liability account is a ________ and the normal balance of the common shares account is a ________.

• A) debit; credit
• B) debit; debit
• C) credit; debit
• D) credit; credit

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Definitions:

Older Information

Refers to data or knowledge that was acquired in the past and may influence recall or decision-making processes.

Hippocampus

A major component of the brain involved in memory formation, organization, and storage.

Stroke

A medical condition where blood flow to the brain is interrupted or reduced, causing brain cells to die due to lack of oxygen.

Specific Route

A designated pathway or course taken to achieve a particular destination or goal, often used in the context of navigation, planning, or strategic approaches.