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Accounting Final

?

Which of the following correctly identifies normal balances of accounts?

Assets Debit
Liabilities Credit
Common Stock Credit
Revenues Debit
Expenses CreditAssets Debit
Liabilities Credit
Common Stock Credit
Revenues Credit
Expenses CreditAssets Credit
Liabilities Debit
Common Stock Debit
Revenues Credit
Expenses Debit
Assets Debit
Liabilities Credit
Common Stock Credit
Revenues Credit
Expenses Debit

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (D)
Assets Debit
Liabilities Credit
Common Stock Credit
Revenues Credit
Expenses Debit

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