Which Of The Following Accounts Usually Has A Debit Balance?

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Salaries Payable Unearned Revenue Utilities Expense. Their balances will increase with a debit entry and will decrease with a credit entry.

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Which accounts normally have debit balances.

Which of the following accounts usually has a debit balance?. Examples of Debit Balances A debit balance is normal and expected for the following accounts. Sales Tax Payable c. For the following mark a D if the following account normally has a debit balance and mark a C if the following account normally has a credit balance.

A decrease in an asset. Assets and expenses d. Answer Assets expenses losses and the owners drawing account will normally have debit balances.

Cash Delivery expense Dividends. Accounts Payable Service Revenue Common Stock. These accounts will see their balances increase when the account is credited.

Their balances will increase with a debit entry and will decrease with a credit entry. A common stock B account payable C account receivable D retained earnings E unearned service revenue. A Owner Equity b Purchase c Purchase returns d Discount received.

A Trial balance which shows equal totals for both debit and. Their balances will increase with a debit entry and will decrease with a credit entry. B Assets dividends and expenses Assets dividends and expenses normally have debit balances.

Every accounting transaction involves an increase in at least one account and a decrease in at least one other account. Liabilities revenues and sales gains and owner equity and stockholders equity accounts normally have credit balances. Which of the following groups of accounts have a normal debit balance.

All the accounts provided have a normal balance of debit. Which account has usually debit balance. See full answer below.

Revenues liabilities and stockholders equity b. Asset accounts such as Cash Accounts Receivable Inventory Prepaid Expenses Buildings Equipment etc. Assets expenses losses and the owners drawing account will normally have debit balances.

Liabilities revenues and sales gains and owner equity and stockholders equity accounts normally have credit balances. Merchandise is sold for cash. Which of the following accounts has a normal debit balance.

Income Tax Payable Service Revenue Dividends. Accounts Payable Service Revenue Common Stock. Which of the following accounts usually has a debit balance.

Liabilities and stockholders equity c. Stockholders equity and assets. A debit is used to record.

In accounting and bookkeeping a debit balance is the ending amount found on the left side of a general ledger account or subsidiary ledger account. Which one of the following account would usually have a debit balance. Of the following accounts the one that normally has a credit balance is.

A Account Payable b Cash c Owner Equity d Bank Loan. Assets expenses losses and the owners drawing account will normally have debit balances. Which of the following accounts has a normal debit balance.

Answer Purchases account mostly has a debit balance because it is a nominal account and debits the expenses while amount is spent on purchase of goods the purchase account is debited and it always has a debit balance because every time goods are purchases it is debited and it only records the inflow of goods. Liabilities revenues and sales gains and owner equity and stockholders equity accounts normally have credit balances. Salaries Payable Deferred Revenue Utilities Expense.

Although sales account have a normal balance of credit the sales returns and allowances are contra accounts thus have a debit balance. Which of the following accounts would normally have a debit balance. The selling price of the merchandise is 6000 and the.

They are increased by debits and decreased by. Which of the following accounts would normally have a debit balance.

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