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.

Learn the requirements for maintaining accounting records and internal controls according to different acts.

Comprehend the concept of shelf registration and its implications for companies.

Understand the SEC's filing requirements for different company sizes and phases.

Recognize the different categories and purposes of filings with the SEC.

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