A credit is not the normal balance for which account listed below?
A) Capital account
B) Revenue account
C) Liability account
D) Owner's Drawings account
Correct Answer:
Verified
Q52: An account will have a credit balance
Q53: The best interpretation of the word credit
Q54: An accountant has debited an asset account
Q55: A T-account is
A) a way of depicting
Q56: A debit is not the normal balance
Q58: The right side of an account
A) is
Q59: The normal balance of any account is
Q60: A debit to an asset account indicates
A)
Q61: Boise Co. pays its employees twice a
Q62: When an owner makes a withdrawal
A) it
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents