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

Name: For Owner's Capital,the category of account and its normal balance is ________. A)equity and a credit balance B)assets and a debit balance C)equity and a debit balance D)assets and a credit balance
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Question

Quizplus · Accepted Answer

Owner's Capital is an equity account, and equity accounts typically have a normal credit balance.

For Owner's Capital,the Category of Account and Its Normal Balance