Which of the following groups of accounts normally have a credit balance?
A)assets and liabilities
B)capital and assets
C)liabilities and owner's equity
D)assets and expenses

Name: Which of the following groups of accounts normally have a credit balance? A)assets and liabilities B)capital and assets C)liabilities and owner's equity D)assets and expenses
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Liabilities and owner's equity accounts typically have a credit balance, as they represent sources of funds for the business.

Which of the Following Groups of Accounts Normally Have a Credit