Asked by
Skyler Davis
on Nov 15, 2024
Verified
Assets normally show
A) credit balances.
B) debit balances.
C) debit and credit balances.
D) debit or credit balances.
Credit Balances
The amount of money a company owes to its creditors, often shown as liabilities on the balance sheet.
Debit Balances
Refers to the amounts owed by a company or individual that are recorded on the left side of the balance sheet, indicating expenses or assets.
- Ascertain the usual balance of diverse account types.
Verified Answer
SA
Learning Objectives
- Ascertain the usual balance of diverse account types.