The Normal Balance of an Expense Account Is a ________

question 163

Multiple Choice

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

• A)debit,assets
• B)debit,expenses
• C)debit,Retained Earnings
• D)credit,Retained Earnings

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Definitions:

Opportunity Cost

The value of the alternative sacrificed when choosing one option over another.

Oranges

A citrus fruit that is a rich source of Vitamin C and is grown in warm climates worldwide, often consumed raw or as juice.

Peaches

A type of fruit with a fuzzy skin, sweet yellow or white flesh, and a stone or pit in the center.

Opportunity Cost

The evasion of possible rewards from diverse options by committing to one alternative.