For Office Supplies,the category of account and its normal balance is ________.
A) liabilities and a debit balance
B) assets and a debit balance
C) liabilities and a credit balance
D) assets and a credit balance

Question

Quizplus · Accepted Answer

Office supplies are considered assets because they provide future economic benefits to the business. The normal balance for assets is a debit balance.

For Office Supplies,the Category of Account and Its Normal Balance