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Which of the following types of accounts have a normal credit balance? A. assets and liabilities B. liabilities and expenses C. revenues and liabilities D. capital and drawing
Revenues and liabilities have a normal credit balance.
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Asked 9/24/2011 8:55:44 PM
Updated 6/10/2014 11:48:36 PM
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Which of the following types of accounts have a normal credit balance? A. assets and liabilities B. liabilities and expenses C. revenues and liabilities D. capital and drawing
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jeifunk
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Revenues and liabilities have a normal credit balance.
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Added 6/10/2014 11:48:36 PM
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A credit signifies a decrease in. A. drawing B. liabilities C. capital D. revenue
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Updated 7/27/2015 12:03:24 PM
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8
emdjay23
A credit signifies a decrease in drawing.
Added 7/27/2015 12:03:24 PM
This answer has been confirmed as correct and helpful.
The debit side of an account. A. depends on whether the account is an asset, liability or owner's equity B. can be either side of the account depending on how the accountant set up the system C. is the right side of the account D. is the left side of the account
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Updated 11/19/2017 1:55:51 AM
1 Answer/Comment
8
emdjay23
The debit side of an account is the left side of the account.
Added 11/19/2017 1:55:51 AM
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Confirmed by
yumdrea
[11/19/2017 2:30:45 AM]
The process of initially recording a business transaction is called. A. trial balancing B. posting C. journalizing D. balancing
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Question
Updated 6/19/2016 7:12:29 AM
1 Answer/Comment
5
kiara07
The process of initially recording a business transaction is called journalizing.
Added 6/19/2016 7:12:29 AM
This answer has been confirmed as correct and helpful.
Confirmed by
jeifunk
[6/19/2016 7:19:40 AM]
A credit may signify a. A. decrease in assets B. decrease in liabilities C. decrease in capital D. decrease in revenue
Weegy:
A credit may signify a decrease in assets.
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Expert Answered
Updated 10/25/2023 1:30:16 PM
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what is the process of initially recording a business transaction called?
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Question
Updated 3/22/2014 11:47:39 PM
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8
jeifunk
M
The process of initially recording a business transaction is called journalizing.
Added 3/22/2014 11:47:39 PM
This answer has been confirmed as correct and helpful.
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