menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 3
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    For Owner's Capital,the Category of Account and Its Normal Balance
Solved

For Owner's Capital,the Category of Account and Its Normal Balance

Question 152

Question 152

Multiple Choice

For Owner's Capital,the category of account and its normal balance is ________.


A) equity and a credit balance
B) assets and a debit balance
C) equity and a debit balance
D) assets and a credit balance

Correct Answer:

verifed

Verified

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

Related Questions

Q126: The T-account is a summary device that

Q147: Which of the following accounts decreases with

Q149: The Accounts Payable account of Golden Company

Q150: The trial balance verifies the equality of

Q153: Which of the following factors is assessed

Q154: Calculate the debt ratio using the following

Q155: A business renders services to a customer

Q156: Owner's withdrawals and expenses increase equity.

Q157: A business purchases $500 of office supplies

Q183: A payable involves a future receipt of

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