The normal balance of an account is on the same side that decreases the account.

Answer the following statement true (T) or false (F)


False

The balance in an account is determined by the excess of increases over decreases. It is normal to have more increases in an account than decreases; therefore, the normal balance of an account is on the same side that increases the account.

Business

You might also like to view...

A segment margin is a segment's sales revenue minus its direct variable costs and direct fixed costs traceable to the segment

Indicate whether the statement is true or false

Business

Which of the following is an example of secondary research carried out by a manufacturer of

cellular phones? A) observational research carried out at retail outlets to discover why customers select competitors' products B) surveys carried out among the general public to find the most desired features in a cellular phone C) information obtained from competitors' weblogs to understand the products they manufacture D) information on customers' likes and dislikes collected from third-party after-sales service personnel

Business

According to the text, Zara's strategy of speed and flexibility has enabled the company to eliminate inventory.

Answer the following statement true (T) or false (F)

Business

Which sentence is correctly punctuated?

A) Companies are looking for new forms of advertising, therefore many are using social networking sites such as Facebook and Twitter. B) Companies are looking for new forms of advertising; therefore, many are using social networking sites such as Facebook and Twitter. C) Companies are looking for new forms of advertising; therefore many are using social networking sites such as Facebook and Twitter.

Business