A debit is not the normal balance for which of the following accounts?
A) Expense account
B) Revenue account
C) Asset account
D) Owner's Drawings account
Correct Answer:
Verified
Q47: In recording an accounting transaction in a
Q88: Which decreases owner's capital?
A) Revenues
B) Owner's Investments.
C)
Q89: Which decreases owner's capital?
A) Drawings.
B) Owner's investments.
C)
Q90: A t-account is so named because
A) it
Q91: The best interpretation of the word debit
Q92: A debit is the normal balance for
Q94: A credit is not the normal balance
Q95: Which of the following correctly identifies
Q97: Which of the following correctly identifies
Q98: Credit always means
A) increase.
B) decrease.
C) left side
D)
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