The Normal Balance of an Expense Account Is a ________

question 131

Multiple Choice

The normal balance of an expense account is a ________ because expenses decrease ________.

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

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Definitions:

Seller Ratings

Evaluations or scores given to sellers on e-commerce platforms, based on the quality of their products, shipping speed, and customer service.

Moral Hazard

A situation where one party is more likely to take risks because another party bears the cost of those risks, often seen in insurance and financial sectors.

Federal Deposit

Funds deposited in a federal bank or a financial institution that is guaranteed by a government agency.

Insurance Program

A system of protection against financial loss in which risks are pooled and financial compensation is provided to members facing losses.