In terms of debits and credits, which types of accounts have the same debit or credit) normal balances?
A) dividends, expenses, assets
B) assets, capital stock, revenues
C) retained earnings, dividends, liabilities
D) expenses, liabilities, capital stock

Question

Quizplus · Accepted Answer

Dividends, expenses, and assets all have debit normal balances in accounting. Assets increase with debits and decrease with credits. Expenses and dividends, when recorded, also increase with debits.

In Terms of Debits and Credits, Which Types of Accounts