Which of the following groups of accounts have a normal debit balance?
A) Revenue, liabilities, and expenses
B) Assets, capital, and withdrawals
C) Liabilities, expenses, and assets
D) Assets, expenses, and withdrawals

Question

Quizplus · Accepted Answer

Assets, expenses, and withdrawals are the accounts that normally have a debit balance in accounting. Revenue and liabilities typically have a credit balance, while capital is also credited when increased.

Which of the Following Groups of Accounts Have a Normal