Which of the Following Describes the Classification and Normal Balance

question 92

Multiple Choice

Which of the following describes the classification and normal balance of the Income from Services account?

• A) Capital, debit
• B) Revenue, credit
• C) Asset, credit
• D) Asset, debit
• E) Expense, debit

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Definitions:

Modern Square

Refers to the contemporary version of the traditional square of opposition, a diagram representing the logical relations between particular kinds of propositions.

Opposition

The relationship between propositions that cannot both be true but can both be false, or the act of resistance or dissent.

Relationships

Connections, associations, or interactions between two or more people, groups, or things.

Modern Square

A method of representing the four types of categorical propositions and their logical relations in a visual diagram.