The Owner's Capital account has a normal debit balance.

Name: The Owner's Capital account has a normal debit balance.
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Question

Quizplus · Accepted Answer

The Owner's Capital account has a normal credit balance. This is because it represents the amount of money that the owner has invested in the business, which increases the business's assets and equity. As such, when there is a capital contribution, the Owner's Capital account is credited.

The Owner's Capital Account Has a Normal Debit Balance