Which of these is incorrect?
A) The normal balance for an asset is a debit.
B) The normal balance for a liability is a credit.
C) The normal balance for equity is a debit.
D) The normal balance for income is a credit.

Name: Which of these is incorrect? A) The normal balance for an asset is a debit. B) The normal balance for a liability is a credit. C) The normal balance for equity is a debit. D) The normal balance for income is a credit.
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Question

Quizplus · Accepted Answer

The normal balance for equity is a credit, not a debit.

Which of These Is Incorrect