Which of the following statements is correct?
A)Assets normally have a credit balance and are increased with debits.
B)Assets normally have a debit balance and are increased with credits.
C)Liability accounts normally have debit balances and are increased with debits.
D)Stockholders' equity accounts normally have credit balances and are increased with credits.

Question

Quizplus · Accepted Answer

Stockholders' equity accounts normally have credit balances and are increased with credits, which aligns with the fundamental accounting equation and principles.

Which of the Following Statements Is Correct