Question
For each Account Type, identify the Financial Statement on which the account would appear (balance sheet (BS), income statement (IS), or owner's equity statement
For each Account Type, identify the Financial Statement on which the account would appear (balance sheet (BS), income statement (IS), or owner's equity statement (OES)) and the Normal Balance (Debit or Credit). When an account is listed on more than one financial statement, list them in alphabetical order. Normal Balance Account Type Financial Statement Asset BS Debit [Select] Owner's Capital Credit [Select] Owner's Drawings [Select] [Select] [Select] [Select] Expenses Liabilities [Select] [Select] Revenue [Select] [Select] BS IS OES > >
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