Which of the following groups of accounts have a normal debit balance?

A) revenues, liabilities, and capital
B) capital and assets
C) liabilities and capital
D) assets and expenses

Question

Which of the following groups of accounts have a normal debit balance?A)  revenues, liabilities, and capitalB)  capital and assetsC)  liabilities and capitalD)  assets and expenses

Vhea Louise Mequin · Accepted Answer

Final Answer : D, Explanation :  The normal balance for assets is a debit balance as it represents the resources owned by the business. Similarly, expenses are also recorded with a debit balance as they represent a decrease in resources due to the costs incurred by the business.

Which of the following groups of accounts have a normal debit balance?

A) revenues, liabilities, and capital
B) capital and assets
C) liabilities and capital
D) assets and expenses

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