Chapter 4 - Q2 -

Normal balance HomeworkUnanswered

Which of the following best describes a normal balance:

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a If the greatest number of entries are debit entries, then the normal balance is a debit balance.

b The normal balance is always a debit balance.

c If an account normally has a credit balance then it is said to have a normal credit balance.

d An account that increases as the result of a credit entry has a credit normal balance.