The classification and normal balance of the drawing account is
A) an expense with a credit balance
B) an expense with a debit balance
C) a liability with a credit balance
D) owner's equity with a debit balance
D
You might also like to view...
Explain how U.S. GAAP and IFRS distinguish the accounting for (1) corrections of errors, (2) adjustments for changes in accounting principles, and (3) adjustments for changes in accounting estimates
With an alternative-choice close, the salesperson:
A. asks the prospect a series of benefit questions. B. asks the prospect about the details of an order. C. gives the prospect a compliment. D. assumes the prospect will buy more products in the future. E. gives the prospect the choice of buying or not buying.
Which of the following techniques uses variables such as price and promotional expenditures, which are related to product demand, to predict demand?
A) associative models B) exponential smoothing C) weighted moving average D) moving average E) trend projection
Which of the following conceptually assesses the extent to which a brand has delivered a value in exchange for the attachment fans have awarded it?
a. API. b. Switching cost analysis. c. Message internalization. d. Dunbar's Number. e. Return on emotion.