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.
All revenue accounts has credit balance as a normal balance
It has a normal balance of a credit.
It has no normal 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.
All revenue accounts has credit balance as a normal balance
It has a normal balance of a credit.
It has no normal balance.
the normal balance of accumulated depreciation is "credit"
normal balance of retained earnings: credit.
SPECIAL
Accounts payable is a liability account and all liability accounts have credit balance as normal balance so accounts payable is also credit as a normal balance
Does work-in-process has a normal balance as a debit or credit
False. Normal Credit Balance.
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.