Accounts payable is Account and then has a normal blank balance: a. liability and debit. b. asset and debit. c. liability and credit. d. asset and credit. The type of account with a normal credit balance is: A. an asset. B. drawing. C. a revenue. D. ...
The revenue accounts (which are temporary accounts) also have credit balances because revenues cause the owner’s equity account balances to increase. Contra asset accounts and contra expense accounts will also have credit balances. Example of Accounts Where Credit is Not the Normal Balance Accounts...
Credit Normal Balance:Liability accounts like accounts payable, loans payable, and accrued expenses have a credit normal balance. Moreover, equity accounts such as owner’s capital and retained earnings, as well as revenue accounts like sales and interest income, also have a credit normal balance....
A credit is not the normal balance for which account listed below() A.Supplies Expense B.Service Revenue C.Notes Payable D.Owner,Capital 点击查看答案 第5题 The ___ is the net value of the flows of goods, services, income, and gifts. A、capital account balance B、current account balanc...
An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(n): A、Accrued expense. B、Contra account. C、Accrued revenue. D、Intangible asset. E
Inventory Debit, asset, balance sheet Service Revenue Credit, revenue, income statement Allowance for Bad Debts Credit, Contra asset, balance sheet Sales returns and allowances Debit, contra revenue, income statement Cost of goods sold Debit, expense, income statemen...
The type of account with a normal Debit balanceA.Asset accountB.Revenue accountC.Liability accountD.Equity account的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题找答案,刷题练习的工具.一键将文档转化为在线题库手机刷题,以提
allowance account avail benefit bottom line break even bring in capitalize clean up cleanup clear corporate finance dividend earn References in periodicals archive ? In the section "Accounting Profit and Normal Profit," they first explain and subtract explicit costs from total revenue to determine acco...
The balance sheet represents: Assets = Liabilities + Depreciation + Equity. a. True b. False The Statement of Revenue is one of the firm's financial statements. a. True b. False True or false? When a business makes a cash payment, the Cash account is debited. The cash budge...
revenue sharing - distribution of part of the federal tax income to states and municipalities share-out, sharing - a distribution in shares 4. distribution - the commercial activity of transporting and selling goods from a producer to a consumer commerce, commercialism, mercantilism - transactions (...