Which of the following statements is incorrect?
A)The normal balance of an expense account is a credit.
B)The abnormal balance of a revenue account is a debit.
C)The normal balance of the owner's withdrawals account is a debit.
D)The normal balance of an unearned revenues account is a credit.
E)The normal balance of the accounts receivable account is a debit.

Question

Quizplus · Accepted Answer

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

Which of the Following Statements Is Incorrect