Which of the Following Is True Regarding Normal Balances of Accounts

question 201

Multiple Choice

Which of the following is true regarding normal balances of accounts?

• A) All accounts have a normal debit balance.
• B) The normal balance of all accounts will have either a positive or negative balance.
• C) Accounts that have a normal debit balance will only have debit entries, never credit entries.
• D) The normal balance is on the increase side of the account.

Demonstrate the ability to compute new balances after multiple financial transactions.

Understand the impact of bank service charges, interest, and NSF fees on account balances.

Illustrate the process of reconciling a bank statement with a check register.

Evaluate financial data to make accurate calculations related to personal finance management.

---

Definitions:

Torque Rod

Used variously on suspensions to limit torsional effects; many torque rods are integrally adjustable (threads) or adjustable using shims.

Equalizer Type

A component in audio equipment or software that adjusts the balance between frequency components within an electronic signal.

Multi-leaf Spring Pack

A suspension component consisting of multiple layers of flat springs stacked together to provide support and absorb shocks.

Jounce

The action of a vehicle suspension compressing, usually in response to riding over bumps or during hard cornering.