Cash is a(n)________ account and has a normal ________ balance.
A)asset;debit
B)liability;credit
C)liability;debit
D)asset;credit

Name: Cash is a(n)________ account and has a normal ________ balance. A)asset;debit B)liability;credit C)liability;debit D)asset;credit
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Question

Quizplus · Accepted Answer

Cash is an asset account, as it represents resources that the company owns and can use to generate future revenue. The normal balance of an asset account is a debit balance, indicating an increase in assets.

Cash Is A(n)________ Account and Has a Normal ________ Balance

Cash Is A(n) Account and Has a Normal Balance