Knowing the normal balances of accounts would help an accountant spot which of the following as a recording error?
A) A debit balance in the owner's drawing account
B) A debit balance in an asset account
C) A credit balance in a liabilities account
D) A debit balance in a revenue account
Correct Answer:
Verified
Q48: Which of the following is not true
Q52: An account will have a credit balance
Q78: Which of the following statements is true?
A)
Q80: Assets normally show
A) credit balances.
B) debit balances.
C)
Q109: The Cash account normally shows a
A) debit
Q111: Which of the following is a true
Q113: A debit is not the normal balance
Q117: Liabilities normally show
A) credit balances.
B) debit balances.
C)
Q118: The normal balance of Owners' Capital is
Q119: Which of the following is a true
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