Multiple Choice
A debit is the normal balance for which of the following accounts?
A) Owner's Capital account
B) Revenue account
C) Liability account
D) Owner's Drawings account
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The investment of cash in the business
Q2: Ben's Discorama performed $2,000 of services in
Q3: Alta Pass Brewing Company purchased additional equipment
Q4: The chart of accounts is a<br>A) list
Q6: When the owner withdraws cash for personal
Q7: Purchasing supplies on account increases total assets.
Q9: Jake Beacham withdrew $600 from his business
Q11: Credit always means<br>A) increase.<br>B) decrease.<br>C) left side<br>D)
Q174: The right side of an account<br>A) is
Q202: A T-account is<br>A) a way of depicting