The classification and normal balance of the cash account is:
A)an expense account with a debit balance.
B)an expense account with a credit balance.
C)an asset account with a credit balance.
D)an asset account with a debit balance.

Question

Quizplus · Accepted Answer

The cash account is classified as an asset account and typically has a normal debit balance, as it represents resources owned by the company.

The Classification and Normal Balance of the Cash Account Is