Multiple Choice
Which of the following is true regarding normal balances of accounts?
A) All accounts have a normal debit balance.
B) All expense accounts have a normal negative balance.
C) Accounts that have a normal debit balance will only have debit entries, never credit entries.
D) The normal balance appears on the side of the account that also receives increase entries.
Correct Answer:
Verified
Correct Answer:
Verified
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