Answer to: The normal balance of accounts payable account is a ___ because it is a(n) ___ account. a. debit, asset b. credit, liability c...
accounts receivable, inventory, and property. Asset accounts typically have a debit normal balance. This means that increases in asset accounts are recorded on the debit side, while decreases are recorded on the credit side. The normal balance of asset accounts reflects the inflow and...
Which of the following describes the classification and normal balance of the fees earned account? a. Asset, Credit b. Liability, Credit c. Owner's equity, Debit d. Revenue, Credit Normal Balance of...
the Aggregate Balance up from the normal level of HK$10 billion to about HK$300 billion. legco.gov.hk 金管局總裁表示,由於各地中央銀行採取寬鬆的 貨幣政策,以致流動資金充裕,造成大量資金流入香 港,使本港的總結餘由100億港元的正 常水 平 推 高至 大約3,000億港元。 legco.gov.hk The use of...
Accounts payable liability, credit Loans payable liability, credit Taxes Payable liability, creditBalance sheet Owner's Equity Equity, credit Stockholders' Equity common stock and retained earningsEquity, credit revenue/income Equity, creditStatement of equity Expenses DebitIncome statement Gains Equity, cre...
Definition of Credit Balance A credit balance refers to the balance on the right side of a general ledger account or T-account. Normally, the liability and owner’s (stockholders’) equity accounts have credit balances. In other words, their balances are on the right side of the accounts ...
Which of the following groups of accounts have a normal credit balance? A. assets, expenses B. revenues, capital C. capital, liabilities D. liabilities, expenses E. assets, revenues 相关知识点: 试题来源: 解析 :B revenues, capital |C capital, liabilities | ...
What is the type of account and normal balance of Allowance for Doubtful Accounts? A. Contra asset, credit B. Asset, debit C. Asset, credit D. Contra asset, debit 相关知识点: 试题来源: 解析 [参考答案]: Contra asset, credit 满分:2 分 正确答案:A...
Also has young people in to elect the majority of energy flower at the Xiu program, leaves uncultivated the study.[translate] aNo,I didn't enjoy it. 不,我没有享用它。[translate] awhich of these accounts has a normal debit balance 哪些帐户有正常帐上借方余额[translate]...
Normal Balance Of Accounts In The Ledger:The general ledger tracks the balance of accounts and these accounts should end up with their normal balance and if not this may indicate an error. The opposite balance in an account could mean that an accountant made an error...