Multiple Choice
Which of the following statements is correct?
A) Assets normally have a credit balance and are increased with debits.
B) Assets normally have a debit balance and are increased with credits.
C) Liability accounts normally have debit balances and are increased with debits.
D) Stockholders' equity accounts normally have credit balances and are increased with credits.
Correct Answer:
Verified
Correct Answer:
Verified
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