Identify the statement below that is incorrect.
A)The normal balance of accounts receivable is a debit.
B)The normal balance of owner's withdrawals is a debit.
C)The normal balance of unearned revenues is a credit.
D)The normal balance of an expense account is a credit.
E)The normal balance of the owner's capital account is a credit.

Question

Quizplus · Accepted Answer

The normal balance of an expense account is a debit, not a credit.

Identify the Statement Below That Is Incorrect