Which of the following groups of accounts have a normal debit balance?
A) revenues, liabilities, and capital
B) capital and assets
C) liabilities and capital
D) assets and expenses

Question

Quizplus · Accepted Answer

The normal balance for assets is a debit balance as it represents the resources owned by the business. Similarly, expenses are also recorded with a debit balance as they represent a decrease in resources due to the costs incurred by the business.

Which of the Following Groups of Accounts Have a Normal