An Account Linked with Another Account That Has an Opposite

question 7

Multiple Choice

An account linked with another account that has an opposite normal balance and is subtracted from the balance of the related account is a(n) :

• A) Intangible asset.
• B) Contra account.
• C) Accrued revenue.
• D) Accrued expense.
• E) Adjunct account.

---

Definitions:

Zero Defects

A management philosophy aiming for the reduction of defects or errors in manufacturing or processes to zero.

Teamwork and Empowerment

The collaborative effort of a group combined with giving individuals the authority and responsibility to make decisions within their areas of expertise.

Crisis Management Program

A crisis management program is a planned and structured approach an organization undertakes to anticipate, assess, handle, and recover from potential crises.

Visionary Leadership

Leadership that is characterized by a clear vision, the ability to see what others do not, and the capacity to guide others towards the realization of that vision.