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Which of the Following Correctly Identifies Normal Balances of Accounts

Question 11

Multiple Choice

Which of the following correctly identifies normal balances of accounts?


A)
 Assets  Debit Liabilities Credit Common Stock Credit Revenues  Debit Expenses  Credit\begin{array}{llcc} \text { Assets } &\text { Debit} \\ \text { Liabilities} &\text { Credit}\\ \text { Common Stock } &\text {Credit} \\ \text { Revenues } &\text { Debit}\\ \text { Expenses } &\text { Credit}\\\end{array}



B)
.  Assets  Debit Liabilities Credit Common Stock Credit Revenues Credit Expenses  Credit\begin{array}{llcc} \text { Assets } &\text { Debit} \\ \text { Liabilities} &\text { Credit}\\ \text { Common Stock } &\text {Credit} \\ \text { Revenues } &\text {Credit}\\ \text { Expenses } &\text { Credit}\\\end{array}

C)
 Assets  Credit Liabilities Debit Common Stock Debit Revenues Credit Expenses  Debit\begin{array}{llcc} \text { Assets } &\text { Credit} \\ \text { Liabilities} &\text { Debit}\\ \text { Common Stock } &\text {Debit} \\ \text { Revenues } &\text {Credit}\\ \text { Expenses } &\text { Debit}\\\end{array}

D)
 Assets Debit Liabilities Credit  Common Stock Credit Revenues Credit Expenses  Debit\begin{array}{llcc} \text { Assets } &\text {Debit} \\ \text { Liabilities} &\text { Credit }\\ \text { Common Stock } &\text {Credit} \\ \text { Revenues } &\text {Credit}\\ \text { Expenses } &\text { Debit}\\\end{array}

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