Ask Question
7 November, 12:30

Which of the following types of accounts have a normal credit balance? a. Capital and drawing b. Assets and liabilities c. Revenues and capital d. Liabilities and expenses

+3
Answers (1)
  1. 7 November, 12:57
    0
    c. Revenues and capital

    Explanation:

    In accounting when posting to accounts the following have normal credit and debit, meaning when it is debited it's balance reduces and when it is credited its balance increases: Revenue, Liabilities, and Capital (owner's equity).

    On the other hand Assets and Expenses have abnormal balance. A debit will result in increased balance, while a credit results in reduced balance.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following types of accounts have a normal credit balance? a. Capital and drawing b. Assets and liabilities c. Revenues and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers