For Expenses, the category of account and its normal balance is:
A)owner's equity and a credit balance.
B)assets and a debit balance.
C)assets and a credit balance.
D)owner's equity and a debit balance.

Name: For Expenses, the category of account and its normal balance is: A)owner's equity and a credit balance. B)assets and a debit balance. C)assets and a credit balance. D)owner's equity and a debit balance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Expenses decrease owner's equity and have a normal debit balance.

For Expenses, the Category of Account and Its Normal Balance