In each of the following sentences, select the appropriate answer option as debitor credit
1. Revenue accounts normally have balances. These accounts increase on the side and decrease on the side.
2. Liability accounts normally have balances. These accounts increase on the side and decrease on the side.
3. Expense accounts normally have balances. These accounts increase on the side and decrease on the side.
4. Asset accounts normally have balances. These accounts increase on the side and decrease on the side.
5. The owner capital account normally has a balance. This account increases on the side and decreases on the side.
Answers: 1
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In each of the following sentences, select the appropriate answer option as debitor credit
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