Which of the following correctly identifies normal balances of accounts? 1) Assets Debit Liabilities Credit Owner's Equity
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Which of the following correctly identifies normal balances of accounts?
1) Assets Debit Liabilities Credit Owner's Equity Credit Revenues Credit Expenses Credit
2) Assets Debit Liabilities Credit Owner's Equity Credit Revenues Credit Expenses Debit
3) Assets Debit Liabilities Credit Owner's Equity Credit Revenues Debit Expenses Credit
4) Assets Credit Liabilities Debit Owner's Equity Debit Revenues Credit Expenses Debit
Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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