Accounts with normal debit balances include:
A)Cash,Accounts Receivable,and Accounts Payable.
B)Cash,Supplies,and Accounts Payable.
C)Cash,Accounts Receivable,and Supplies.
D)Cash,Supplies,and Notes Payable.

Question

Quizplus · Accepted Answer

Cash, Accounts Receivable, and Supplies are asset accounts, which typically have a normal debit balance. Accounts Payable and Notes Payable are liability accounts, which normally have a credit balance.

Accounts with Normal Debit Balances Include