Multiple Choice
Which of the following groups of accounts have a normal credit balance?
A) Revenue, liabilities, and capital
B) Assets, capital, and withdrawals
C) Liabilities, expenses, and assets
D) Assets, expenses, and withdrawals
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Which of the following is prepared first?<br>A)
Q6: Which of the following accounts would be
Q7: Explain the difference between expenses and withdrawals.
Q8: The right side of an account is
Q9: A chart of accounts is below. Following
Q11: What is a proper entry to show
Q12: The income statement contains:<br>A) Liabilities.<br>B) Revenues.<br>C) Expenses.<br>D)
Q13: For each of the following, identify in
Q14: Given the following list of accounts with
Q15: Which of the following errors would cause