Multiple Choice
The normal balance of an account:
A) falls on the side where decreases are recorded.
B) falls on the side where increases are recorded.
C) must be computed after every transaction.
D) cannot be computed in a manual accounting system.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q37: When preparing the financial statements from a
Q38: Every journal entry:<br>A)must increase at least one
Q39: Which of the following transactions will increase
Q40: Information for the trial balance is obtained
Q41: The dollar amounts listed on the trial
Q43: The left side of a T-account is
Q44: The purchase of office computers for cash
Q45: When using T-accounts,the difference between the total
Q46: The trial balance is used to prepare
Q47: Transaction analysis and the accounting equation have