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:

Understand Messages

The process by which an individual comprehends the meaning and intent of communicated information.

Eliminate Conflict

The process of resolving disagreements or disputes to achieve harmony in a relationship or environment.

Opposing Views

Differing opinions or perspectives on a particular issue, highlighting the variety and conflict in viewpoints.

Active Listening

The practice of paying full attention, understanding, responding to, and remembering what is being said.