In terms of debits and credits, which types of accounts will have the same (debit or credit)normal balances?
A)dividends, expenses, assets
B)assets, capital stock, revenues
C)retained earnings, dividends, liabilities
D)expenses, liabilities, capital stock

Question

Quizplus · Accepted Answer

Dividends, expenses, and assets typically have debit balances as their normal balance in accounting. Assets increase with debits, expenses are recorded as debits, and dividends (when distributed) are also recorded as debits.

In Terms of Debits and Credits, Which Types of Accounts