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

Name: For Expenses,the category of account and its normal balance is ________. A)equity and a credit balance B)assets and a debit balance C)assets and a credit balance D)equity and a debit balance
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Expenses are part of equity accounts and have a normal debit balance because they decrease the owner's equity.

For Expenses,the Category of Account and Its Normal Balance Is