Which one of the following account groups normally has a debit balance?
A) assets and expenses
B) revenues and expenses
C) liabilities and revenues
D) assets and liabilities

Question

Quizplus · Accepted Answer

Assets and expenses typically have debit balances since they increase with debits and decrease with credits. Liabilities, revenues, and equity accounts usually have credit balances.

Which One of the Following Account Groups Normally Has a Debit