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

Question

Quizplus · Accepted Answer

Assets, expenses, and withdrawals all normally have a debit balance in accounting. Assets increase with debits, expenses are recorded with debits, and withdrawals (drawings by the owner) decrease equity through debits.

Which of the Following Groups of Accounts Have a Normal