Which of the Following Is Correct

question 57

Multiple Choice

Which of the following is correct?

• A) Debit is the normal balance of the accounts payable account.
• B) Credit is the normal balance of the accounts receivable account.
• C) Debit is the normal balance of the Income from Services account.
• D) Debit is the normal balance of the Drawing account.

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Definitions:

Reverse

To change direction, position, or course of action to the opposite; in legal contexts, it may refer to overturning a decision in an appellate court.

Trial Court

The first level of court in the judicial system where cases are initially filed and adjudicated.

Prejudicial Error

An error that occurs during a trial, which affects the outcome of the case and may lead to the reversal of the trial court's decision on appeal.

Default Judgment

A binding judgment in favor of either party based on some failure to take action by the other party, often because the defendant does not respond to a summons.