When Computing the Normal Balance of an Account

question 158

Multiple Choice

When computing the normal balance of an account:

• A)salaries expense should have a credit balance.
• B)accounts payable should have a credit balance.
• C)equipment should have a credit balance.
• D)notes payable should have a debit balance.

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Definitions:

Accommodation

Piaget’s term for changes in a cognitive structure to include new information.

Primary Process Thinking

A mode of thinking primarily in the unconscious mind, driven by the pleasure principle and characterized by illogical and associative connections.

Generalization

The process of applying information or conclusions from specific instances to broader contexts or groups, often simplifying complex information.

Assimilation

Piaget’s term for incorporation of new information into an existing cognitive structure.