The Normal Balance of the Supplies Account Is a ________

question 67

Multiple Choice

The normal balance of the Supplies account is a ________ because it is a(n) ________ account.

• A) credit; liability
• B) debit; asset
• C) credit; expense
• D) debit; shareholders' equity

---

Definitions:

Sales Dollars

The total monetary value of sales transactions made within a specific period, reflecting the revenue generated from selling goods or services.

Common Fixed Expenses

Regular, unchanged expenses that a business incurs, regardless of the level of production or sales volume.

Break-even

The point at which total costs and total revenue are equal, indicating that a business makes neither a profit nor a loss.

Sales Dollars

The total revenue generated from goods or services sold by a company, measured in dollar terms.