The Classification and Normal Balance of the Drawing Account Is

question 36

Multiple Choice

The classification and normal balance of the drawing account is

• A) an expense with a credit balance
• B) an expense with a debit balance
• C) a liability with a credit balance
• D) owner's equity with a debit balance

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Definitions:

Real Feeling

Genuine emotions and sentiments as experienced by an individual, without pretense or fabrication.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Poorly Done

Executed or performed in a manner that fails to meet the required or expected standards.

Resentment

A feeling of displeasure or indignation at some act, remark, or person regarded as causing injury or insult.