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    Financial Accounting Study Set 21
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    Exam 3: Double-Entry Accounting and the Accounting Cycle
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    Which of the Following Accounts Normally Has a Debit Balance
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Which of the Following Accounts Normally Has a Debit Balance

Question 37

Question 37

Multiple Choice

Which of the following accounts normally has a debit balance?


A) Accumulated depreciation
B) Prepaid insurance
C) Accounts payable
D) Common shares

Correct Answer:

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