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    Financial Accounting Study Set 7
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    Exam 2: Recording Business Transactions
  5. Question
    The Normal Balance of a Liability Account Is a ________
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The Normal Balance of a Liability Account Is a ________

Question 122

Question 122

Multiple Choice

The normal balance of a liability account is a ________ and the normal balance of the common shares account is a ________.


A) debit; credit
B) debit; debit
C) credit; debit
D) credit; credit

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