An account with a normal balance of a debit indicates that the account is a liability account.
Correct Answer:
Verified
Q87: An account with a normal credit balance
Q88: Every business transaction involves at least one
Q90: Assets, owners' equity and dividends are all
Q91: Dividends and expenses are specialized owners' equity
Q94: When the trial balance is out of
Q95: If the credit amount of an entry
Q97: The ledger provides a good indication of
Q104: A trial balance is an optional financial
Q106: The T-account is a tool for visualizing
Q111: A trial balance is a list of
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