An awareness of the normal balances of accounts would help you spot which of the following as an error in recording?
A) a debit balance in an asset account
B) a credit balance in an expense account
C) a credit balance in a liabilities account
D) a credit balance in a revenue account
Correct Answer:
Verified
Q41: To increase a liability account, the account
Q43: A trial balance may be done at
Q46: Which of the following statements about the
Q48: Which of the following is NOT true
Q49: An account consists of
A) a title a
Q51: An account is used as part of
Q51: A credit is NOT the normal balance
Q56: The double-entry system requires that each transaction
Q57: A debit is NOT the normal balance
Q58: Which one of the following is NOT
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