A liability account normally has a credit balance.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
It has no normal balance.
Drawings is a contra account. Debit is the normal balance of Drawing account.
Additional Paid-in Capital is a normal credit balance account.
Merchandise Inventory is an asset account, so the normal balance is Debit.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
It has no normal balance.
Drawings is a contra account. Debit is the normal balance of Drawing account.
Additional Paid-in Capital is a normal credit balance account.
Merchandise Inventory is an asset account, so the normal balance is Debit.
Cash account normally has debit balance.
Capital account has credit balance as a normal balance of account as it is the amount company requires to return back to it's owner at the time of liquidation.
debit balance
Debit
Petty Cash is an asset account with a normal Debit balance.
Sales is a revenue account and has a credit balance as a normal balance.
Does work-in-process has a normal balance as a debit or credit