The accounts in the trial balance of Koala Ltd are shown below. Select whether the account balance is normally a debit (Dr) or a credit (Cr).
-Bank loan payable
A) Dr
B)Cr

Name: The accounts in the trial balance of Koala Ltd are shown below. Select whether the account balance is normally a debit (Dr) or a credit (Cr). -Bank loan payable A) Dr B)Cr
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Question

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Bank loan payable is a liability account, and liabilities normally have a credit balance.

The Accounts in the Trial Balance of Koala Ltd Are