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Identify the Statement Below That Is Incorrect

Question 32

Multiple Choice

Identify the statement below that is incorrect.


A) The normal balance of owner's withdrawals is a debit.
B) The normal balance of the owner's capital account is a credit.
C) The normal balance of an expense account is a credit.
D) The normal balance of accounts receivable is a debit.
E) The normal balance of unearned revenues is a credit.

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