Which of the following types of accounts have a normal credit balance?
A) assets and liabilities
B) liabilities and expenses
C) revenues and liabilities
D) capital and drawing

Name: Which of the following types of accounts have a normal credit balance? A) assets and liabilities B) liabilities and expenses C) revenues and liabilities D) capital and drawing
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Question

Quizplus · Accepted Answer

Revenues and liabilities both have a normal credit balance, meaning they increase with a credit entry.

Which of the Following Types of Accounts Have a Normal