Identify the accounts that would normally have balances in the debit column of a business's trial balance.
A) Assets and revenues.
B) Revenues and expenses.
C) Liabilities and expenses.
D) Assets and expenses.
E) Liabilities and withdrawals.

Question

Quizplus · Accepted Answer

Debit entries increase the balance of asset accounts (such as cash, accounts receivable, inventory, etc.) and expense accounts (such as salaries expense, rent expense, supplies expense, etc.). Therefore, accounts that normally have balances in the debit column of a trial balance are assets and expenses.

Identify the Accounts That Would Normally Have Balances in the Debit