The normal balance of asset, expense, and drawing accounts. A list of accounts, showing the title and balance of each account, used to prove that the debit balances equal the credit balances. The total dollar amounts on the debit and credit sides of an account. debit trial balance footings
A. The normal balance of asset, expense, and drawing accounts: The normal balance of an account is the expected balance based on the account's classification. For asset, expense, and drawing accounts, the normal balance is a debit, which means that increases to these accounts are recorded as debits, and decreases are recorded as credits.
Answer: Debit
B. A list of accounts, showing the title and balance of each account, used to prove that the debit balances equal the credit balances: A trial balance is a list of accounts and their balances at a given point in time. It is used to ensure that the total debits equal the total credits and that the accounting equation is balanced (i.e., assets = liabilities + equity). If the trial balance does not balance, it indicates that there is an error in the accounting records that needs to be identified and corrected.
Answer: Trial balance
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