Ask Question
22 April, 03:00

Which of the following groups of accounts have a normal debit balance? Question 3 options: a) Assets and expenses b) Revenues and expenses c) Liabilities and stockholders' equity d) Assets and liabilities

+4
Answers (1)
  1. 22 April, 03:39
    0
    a) Assets and expenses

    Explanation:

    As we know that

    The debit portion report assets and expenditures side while sales revenue, stockholder equity, and the liability side are reported in the credit portion.

    So by above information, we can conclude that the assets and expenses have a normal debit balance, while other options involves both accounts credit balance or one account has a debit balance and the other account has a credit balance
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following groups of accounts have a normal debit balance? Question 3 options: a) Assets and expenses b) Revenues and expenses ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers