The normal balance of capital account is?
Correct answer A. Credit balance
Tip: press A, B, C or D to answer, and N for the next question.
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More Ledger questions
See allThe normal balance of asset account is?
Correct answer B. Debit balance
The normal balance of liability account is?
Correct answer B. Credit balance
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Which of the following statements is incorrect regarding capital account?
Correct answer A. Debit increases the capital account balance
Which of the following is the normal balance of a rent expense account?
Correct answer D. Debit balance
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