Which of the following types of accounts normally have debit balances?
A)liabilities and owner's equity
B)assets and revenue
C)assets, liabilities, and owner's equity
D)expenses and assets

Name: Which of the following types of accounts normally have debit balances? A)liabilities and owner's equity B)assets and revenue C)assets, liabilities, and owner's equity D)expenses and assets
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Question

Quizplus · Accepted Answer

Assets and expenses normally have debit balances, as they increase with debits and decrease with credits.

Which of the Following Types of Accounts Normally Have Debit