Ask Question
BusinessBusiness
7 July, 10:00

Which account would be most likely to have an account balance that is not normal?

+5
Answers (1)
  1. 7 July, 10:20
    0
    The "normal" status of an account is due to the implicitly of the formula:

    assets = liabilities + equity.

    The allowance for doubtful accounts is a contra account to accounts receivable, Accumulated depreciation is a reduction of fixed assets, And dividends are a reduction of equity

    The accounts above are called "contra asset" accounts meaning that: is a negative asset account that offsets the asset account with which it is paired.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which account would be most likely to have an account balance that is not normal? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On January 1, 2017, Flint Corporation sold a building that cost $266,270 and that had accumulated depreciation of $109,830 on the date of sale. Flint received as consideration a $256,270 non-interest-bearing note due on January 1, 2020.
Answers (1)
What do you think is the biggest personal reward of being a manager? What is the biggest potential 'downside' of being a manager?
Answers (1)
Zipcar's top management established a goal of expanding operations into north america. managers then needed to determine the north american locations in which they would choose to do business.
Answers (1)
Paradise Co., budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year January 1 through December 31: January 1st December 31st Raw material units * 40,000 50,000
Answers (1)
What is a subset of potential customers that are perceived to have common needs and interests?
Answers (1)
New Questions in Business
Yakov left his job as a plumber when his wife took a position in another region. the quantity of plumbing services demanded is considerably lower in the new region, in part because of high union-negotiated wages.
Answers (1)
Luthan Company uses a plantwide predetermined overhead rate of $23.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $278,400 of total manufacturing overhead cost for an estimated activity level of 12,000
Answers (1)
Sweet Cream is an ice cream manufacturer. It sells Guilt-Free, a zero-calorie ice cream, which competes with Flavor Bell's Moo Sweet, a low-calorie ice cream. Flavor Bell reduces Moo Sweet's prices to match Guilt-Free's prices.
Answers (1)
Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. finance/accounting B. research and development C. production/operations D. marketing
Answers (1)
If someone pays medical expenses directly to the provider, such as a doctor or hospital, what percentage of the gift is exempt from gift tax?
Answers (1)
Home » Business » Which account would be most likely to have an account balance that is not normal?
Sign Up Forgot Password?