Assets normally show
A)credit balances.
B)debit balances.
C)debit and credit balances.
D)debit or credit balances.

Name: Assets normally show A)credit balances. B)debit balances. C)debit and credit balances. D)debit or credit balances.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Assets normally show debit balances. This is because assets increase with debits and decrease with credits, following the rules of double-entry accounting.

Assets Normally Show