menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 8
  4. Exam
    Exam 3: The Recording Process: Debits and Credits
  5. Question
    The Normal Balance of an Asset Account Is a Credit
Solved

The Normal Balance of an Asset Account Is a Credit

Question 125

Question 125

True/False

The normal balance of an asset account is a credit.

Correct Answer:

verifed

Verified

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

Related Questions

Q28: Debit and credit can be interpreted to

Q120: OPI Company purchased supplies on account. To

Q121: A debit is not the normal balance

Q123: The chart of accounts is the basic

Q124: Haircut 101 performed services for cash of

Q126: The purchase of equipment is recorded with

Q127: Which account listed below is increased with

Q128: Which usually indicates an error?<br>A) A debit

Q129: Receipt of a payment on account requires

Q130: The double-entry system of recording means that

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