Multiple Choice
Which of the following statements is TRUE of the Owner,Capital account?
A) It is an equity account that has a normal credit balance.
B) It is a liability account that has a normal credit balance.
C) It is a liability account that has a normal debit balance.
D) It is an equity account that has a normal debit balance.
Correct Answer:
Verified
Correct Answer:
Verified
Q83: A business makes a cash payment of
Q84: Companies use a ledger to show all
Q85: Which one of the following account groups
Q86: Prepaid Rent is a liability account.
Q87: Calculate the debt ratio using the
Q89: Posting a transaction means _.<br>A) calculating the
Q90: Which of the following statements is TRUE
Q91: Debit is abbreviated as DE and Credit
Q92: After initially recording a transaction,the data is
Q93: Which of the following is a liability