For Revenues,the category of account and its normal balance are:
A) Assets and a debit balance.
B) Liabilities and a credit balance.
C) Owners' equity and a debit balance.
D) Owners' equity and a credit balance.
Correct Answer:
Verified
Q24: For Accounts payable,the category of account and
Q25: For Salary payable,the category of account and
Q26: Which of the following is the order
Q27: The accounting process of copying a transaction
Q28: After initially recording a transaction,the data is
Q30: For Supplies,the category of account and its
Q32: Which of the following is the last
Q34: Which of the following accounts increases with
Q51: A liability account is increased by a
Q56: Debit refers to the right side 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