Which of the following correctly identifies normal balances of accounts? a.
b.
c.
d.
Correct Answer:
Verified
Q47: In recording an accounting transaction in a
Q52: An account will have a credit balance
Q53: The best interpretation of the word credit
Q101: Which of the following accounts follows the
Q102: Which of the following describes the classification
Q108: Which accounts normally have credit balances?
A)Revenues, liabilities,
Q116: Which of the following accounts is increased
Q118: An accountant has debited an asset account
Q121: In the first month of operations, the
Q122: The Dividends account
A)appears on the income statement
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