In an Accrual Accounting System

question 56

Multiple Choice

In an accrual accounting system,

• A) all accounts have normal debit balances.
• B) a debit entry is recorded on the left-hand side of an account.
• C) liabilities,owner's capital,and dividends all have normal credit balances.
• D) revenues are recorded only when cash is received.

---

Definitions:

Costae

The ribs, forming part of the human thoracic skeleton that protects the chest cavity and supports the chest wall.

Adult Human Skull

The bony structure that forms the head in the human skeleton, comprising 22 bones that protect the brain and form the structure of the face.

Bones

Rigid organs that form part of the endoskeleton of vertebrates, providing support, protection, and facilitating movement.

Facial Bone

Any of the bones surrounding and forming the human face, including the mandible, maxilla, and nasal bones.