For Owner,Capital,the Category of Account and Its Normal Balance Is

question 75

Multiple Choice

For Owner,Capital,the category of account and its normal balance is ________.

• A) equity and a credit balance
• B) assets and a debit balance
• C) equity and a debit balance
• D) assets and a credit balance

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Definitions:

Job-Order Costing

A costing method that assigns manufacturing costs to each individual product or batch, ideal for custom or specialized goods.

Work In Process

Inventory that includes goods partially completed in the manufacturing process but not yet ready for sale.

Storeroom

A room or area used for storing materials, tools, and equipment, typically within a manufacturing or production facility.

Job-Order Costing

A technique in accounting aimed at recording expenses and assessing the income potential of single tasks or collections.