Which of the following does not normally have a credit balance?
A) Asset
B) Liability
C) Equity
D) Revenue
Correct Answer:
Verified
Q4: The owner of an entity pays cash
Q5: A credit entry is used to record
Q6: Decreases in assets are credited, and increases
Q7: As used in accounting, what do the
Q8: The recording of transactions in the worksheet
Q10: On 1 August XYZ Ltd issued $240
Q11: The ledger accounts for accumulated depreciation and
Q12: When using an extended trial balance approach
Q13: An accounting journal is a book of
Q14: Which of the following accounts normally has
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