Which of the following groups of accounts have a normal debit balance?
A) revenues, liabilities, and stockholders' equity
B) stockholders' equity and assets
C) liabilities and stockholders' equity
D) assets and expenses

Question

Quizplus · Accepted Answer

Assets and expenses have a normal debit balance, which means they increase with a debit entry and decrease with a credit entry.

Which of the Following Groups of Accounts Have a Normal