Assuming a Normal Balance, Which of the Following Is Correct

question 44

Multiple Choice

Assuming a normal balance, which of the following is correct concerning the balance sheet columns of the work sheet?

• A) Liabilities are shown as debits.
• B) The drawing account is shown as a debit.
• C) Revenues are shown as credits.
• D) Assets are shown as credits.

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Definitions:

Artifacts

Artifacts in an organizational context are tangible elements like physical layout, language, rituals, and technologies that represent the culture of an organization.

Observable Symbols

Tangible or visible indicators that represent abstract concepts, values, or identities within a culture or organization.

Organizational Culture

The collective norms, values, and beliefs that define and shape a company's work environment and employee behavior.

Assumptions

Assumptions are underlying beliefs or ideas that people take for granted without verification.