When Computing the Normal Balance of an Account

question 48

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 can have either a credit or debit balance.
• D) notes payable can have either a credit or debit balance.

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Definitions:

Scientific Evidence

Data and information obtained through the scientific method, used to support or refute theories, hypotheses, and claims in various fields.

Causes

Factors or events that bring about an effect or a change, grounding the reasoning in various contexts such as scientific, social, or economic.

Consequences

The results or outcomes that naturally follow from specific actions or decisions.

Environmental Quality

The condition of the natural environment and its ability to sustain life, maintain ecological processes, and support biodiversity.