Assets normally show
A) credit balances.
B) debit balances.
C) debit and credit balances.
D) debit or credit balances.

Question

Quizplus · Accepted Answer

Assets are typically classified as debit balances on the balance sheet of an organization. This is because assets represent the resources that a company owns or controls, and so they are recorded as positive values on the left side (debit side) of the accounting equation.

Assets Normally Show