Which of the following types of accounts normally have debit balances?
A) assets and revenue
B) assets,liabilities,and owner's equity
C) expenses and assets
D) liabilities and owner's equity

Name: Which of the following types of accounts normally have debit balances? A) assets and revenue B) assets,liabilities,and owner's equity C) expenses and assets D) liabilities and owner's equity
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Question

Quizplus · Accepted Answer

Assets and expenses normally have debit balances because they increase with debits and decrease with credits.

Which of the Following Types of Accounts Normally Have Debit