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Which of the following groups of accounts have a normal debit balance? A. revenues, liabilities, capital B. capital, assets C. liabilities, expenses D. assets, expenses
The group of accounts that have a normal debit balance are: assets and expenses.
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Asked 9/25/2011 11:12:09 AM
Updated 8/12/2015 10:12:52 PM
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The group of accounts that have a normal debit balance are: assets and expenses.
Added 8/12/2015 10:12:52 PM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [8/12/2015 10:22:30 PM], Rated good by debnjerry
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Questions asked by the same visitor
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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Not Answered
Updated 6/10/2014 11:48:36 PM
1 Answer/Comment
Revenues and liabilities have a normal credit balance.
Added 6/10/2014 11:48:36 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 273 days ago|11/19/2017 1:55:51 AM
1 Answer/Comment
The debit side of an account is the left side of the account.
Added 273 days ago|11/19/2017 1:55:51 AM
This answer has been confirmed as correct and helpful.
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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Updated 6/19/2016 7:12:29 AM
1 Answer/Comment
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]
what is the process of initially recording a business transaction called?
Question
Not Answered
Updated 3/22/2014 11:47:39 PM
1 Answer/Comment
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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