menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 29
  4. Exam
    Exam 2: Transaction Analysis
  5. Question
    An Account with a Normal Balance of a Debit Indicates
Solved

An Account with a Normal Balance of a Debit Indicates

Question 54

Question 54

True/False

An account with a normal balance of a debit indicates that the account is a liability account.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q49: Which of the following accounts are a

Q50: Liabilities and revenues are decreased by credits.

Q51: The normal balance of the Common Stock

Q52: The normal balance of the Supplies account

Q55: An account with a normal credit balance

Q56: The owner of a business paid cash

Q57: The normal balance of Accounts Receivable is

Q58: Which elements)of an accounting system provides)information about

Q59: Prepaid expense accounts appear on:<br>A)both the income

Q105: A chart of accounts is organized in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines