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:

Calvin Cycle

A series of biochemical reactions taking place in the chloroplasts of photosynthetic organisms, part of the process of converting carbon dioxide and water into glucose, using ATP and NADPH produced in the light reactions of photosynthesis.

Carbon Dioxide Fixation

The process by which inorganic carbon dioxide is converted into organic compounds by living organisms, principally during photosynthesis.

Calvin Cycle

A set of chemical reactions that take place in the chloroplasts of photosynthetic organisms to synthesize glucose from carbon dioxide and water, using ATP and NADPH produced in the light reactions.

Rubisco

An enzyme involved in the first major step of carbon fixation, a process by which atmospheric carbon dioxide is converted by plants to energy-rich molecules.