The normal balance of an expense account is a ________ because expenses decrease ________.
A) debit,assets
B) debit,expenses
C) debit,Retained Earnings
D) credit,Retained Earnings
Correct Answer:
Verified
Q132: A trial balance is one of a
Q134: A business received the utility bill for
Q135: A business sold equipment for $40,000 cash.They
Q141: When a trial balance is out of
Q144: When computing the normal balance of an
Q145: A bookkeeper posted the same journal entry
Q146: Although a trial balance can be prepared
Q147: The normal balance of an account:
A)falls on
Q153: The financial statements can be prepared from
Q177: When using a four-column ledger account format,
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