Which Account Has a Normal Debit Balance

question 114

Multiple Choice

Which account has a normal debit balance?

• A)Salaries Payable
• B)Common Stock
• C)Advertising Expense
• D)Service Revenue

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Definitions:

Hierarchical System

A hierarchical system is an organizational structure where entities are ranked according to levels of authority, from highest to lowest.

Bureaucracy

An organizational structure characterized by standardized procedures, hierarchical divisions, and a clear set of rules and regulations to manage large organizations.

Network Structures

The arrangement and interconnection of elements within a network, defining how they communicate and cooperate.

Overheads

The ongoing expenses of operating a business that are not directly attributed to creating a product or service, such as rent, utilities, and administrative costs.