Multiple Choice
An awareness of the normal balances of accounts would help you spot which of the following as an error in recording?
A) A debit balance in the drawing account
B) A credit balance in an expense account
C) A credit balance in a liabilities account
D) A credit balance in a revenue account
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Taylor Industries purchased supplies for $1,000. They
Q8: The drawing account<br>A) appears on the income
Q11: On October 3, Josh Antonio, a carpenter,
Q12: A bookkeeping student has come to you
Q14: Which of the following journal entries is
Q22: When journalizing the reference column is<br>A) left
Q45: The entire group of accounts maintained by
Q88: Which one of the following is not
Q135: The normal balance of all accounts is
Q177: Identify the impact on the accounting equation