All of the following accounts has a normal debit balance except ________.
A)Dividends
B)Loss on Sale of Land
C)Additional Paid in Capital
D)Land

Name: All of the following accounts has a normal debit balance except ________. A)Dividends B)Loss on Sale of Land C)Additional Paid in Capital D)Land
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Question

Quizplus · Accepted Answer

Additional Paid in Capital is a permanent equity account that is increased by credits and decreased by debits. Therefore, it has a normal credit balance.

All of the Following Accounts Has a Normal Debit Balance