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The classification and normal balance of the dividend account is?
stockholders' equity with a debit balance
Why is a capital account has credit balance?
The normal balance in a capital account is a credit. Capital is a balance sheet account. Assets = Liabilities + Capital
What is the normal balance of a liabilty account?
A liability account normally has a credit balance.
Which type of account has a normal credit balance?
All liabilities as well as income accounts has normal credit balance and also profit has credit balance.
What is the normal balance for an liability account?
Credit
The classification and normal balance of the dividend account is?
stockholders' equity with a debit balance
Why is a capital account has credit balance?
The normal balance in a capital account is a credit. Capital is a balance sheet account. Assets = Liabilities + Capital
What is the normal balance of a liabilty account?
A liability account normally has a credit balance.
Which type of account has a normal credit balance?
All liabilities as well as income accounts has normal credit balance and also profit has credit balance.
What is the normal balance for an liability account?
Credit
Is an increase in Capital Stock a credit in the normal balance of an account?
Yes capital stock has credit balance as a normal balance so increase is also has credit balance.
What is the normal balance of an account in the accounts payable subsidiary ledger?
Accounts receivables has debit balance as normal balance of account and shown in current assets in balance sheet.
What is the normal balance of a additional paid-in capital account?
Additional Paid-in Capital is a normal credit balance account.
Sales is what type of account?
Sales is a revenue account and has a credit balance as a normal balance.
Which account has a normal debit balance?
Does work-in-process has a normal balance as a debit or credit
The normal balance of the accumulated depreciation account is debit?
False. Normal Credit Balance.
Is a petty cash account an asset with a normal credit balance?
Petty Cash is an asset account with a normal Debit balance.
