Indicate whether each of the following types of accounts would normally have a debit balance or a
Question:
Indicate whether each of the following types of accounts would normally have a debit balance or a credit balance:
a. An asset account
b. A liability account
c. The owner's capital account
d. A revenue account
e. An expense account
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a All assets accounts have a debit balance such as cash ac...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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