Which of the following groups of accounts have a normal debit balance? Question 3 options: a) Assets and expenses b) Revenues and expenses c) Liabilities and stockholders' equity d) Assets and liabilities

Question

Trevin Jones

Business

29 November, 19:19

Which of the following groups of accounts have a normal debit balance? Question 3 options: a) Assets and expenses b) Revenues and expenses c) Liabilities and stockholders' equity d) Assets and liabilities

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Answers (1)

Know the Answer?

Kaya Bond · Answer 1

a) Assets and expenses

Explanation:

As we know that

The debit portion report assets and expenditures side while sales revenue, stockholder equity, and the liability side are reported in the credit portion.

So by above information, we can conclude that the assets and expenses have a normal debit balance, while other options involves both accounts credit balance or one account has a debit balance and the other account has a credit balance