The normal account balances for owner's Capital and Withdrawals are
A)credit and debit,respectively.
B)debits.
C)credits.
D)debit and credit,respectively.

Question

Quizplus · Accepted Answer

Owner's Capital has a credit balance because it represents the owner's investment in the business. Withdrawals, on the other hand, have a debit balance because they represent the owner's withdrawals or decreases in their investment in the business.

The Normal Account Balances for Owner's Capital and Withdrawals Are