Which of the following correctly identifies normal balances of accounts? 
Correct Answer:
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Q41: The double-entry system requires that each transaction
Q41: A credit is not the normal balance
Q44: An account is a part of the
Q47: An accountant has debited an asset account
Q47: In recording an accounting transaction in a
Q49: Which one of the following represents the
Q51: Credits
A) decrease both assets and liabilities.
B) decrease
Q53: An accounting convention is best described as
A)an
Q53: The best interpretation of the word credit
Q77: An accountant has debited an asset account
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