Which of the following accounts normally has a debit balance?
A)Accumulated depreciation
B)Prepaid insurance
C)Accounts payable
D)Common shares

Name: Which of the following accounts normally has a debit balance? A)Accumulated depreciation B)Prepaid insurance C)Accounts payable D)Common shares
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Prepaid insurance is an asset account, and like most asset accounts, it normally has a debit balance. Accumulated depreciation, accounts payable, and common shares typically have credit balances.

Which of the Following Accounts Normally Has a Debit Balance