The Normal Balance of a Revenue Account Is a ________

question 11

Multiple Choice

The normal balance of a revenue account is a ________ because revenues increase ________.

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

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Definitions:

External Attributions

The process of attributing the cause of one's own or others' behaviors to external factors or the situation.

Fundamental Attribution Error

The tendency to underestimate situational influences and overestimate personal traits when explaining others' behaviors.

Actor/observer Bias

A cognitive bias that explains differences in how people attribute causes to their own versus others' behavior; typically attributing one's own actions to situational factors and others' actions to personal characteristics.

Internal Attributions

Explanations for people's behaviors based on their internal characteristics, such as personality traits, motives, or attitudes, as opposed to the influence of external circumstances.