Multiple Choice
The normal balance of the Supplies account is a because it is an) account.
A) credit, liability
B) debit, stockholders' equity
C) debit, asset
D) credit, expense
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q47: A trial balance prepared by an inexperienced
Q48: Dividends and expenses are specialized owners' equity
Q49: Which of the following accounts are a
Q50: Liabilities and revenues are decreased by credits.
Q51: The normal balance of the Common Stock
Q54: An account with a normal balance of
Q55: An account with a normal credit balance
Q56: The owner of a business paid cash
Q57: The normal balance of Accounts Receivable is
Q105: A chart of accounts is organized in