Identify the Statement Below That Is Incorrect

question 32

Multiple Choice

Identify the statement below that is incorrect.

• A) The normal balance of owner's withdrawals is a debit.
• B) The normal balance of the owner's capital account is a credit.
• C) The normal balance of an expense account is a credit.
• D) The normal balance of accounts receivable is a debit.
• E) The normal balance of unearned revenues is a credit.

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Definitions:

State of Mind

An individual's mental or emotional condition at a particular time, which can influence perceptions, decisions, and behaviors.

Black Church

Refers to Christian churches that have predominantly African American congregations, playing a significant role in the history and culture of the African American community.

White-Controlled

Descriptive of organizations, governments, or institutions that are predominantly directed and governed by individuals of European descent.

Religious Institutions

Organizations founded on religious beliefs and practices, often involved in worship services, moral guidance, and community activities.