In each of the following sentences, select the appropriate answer option as debit or credit. 1....

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In each of the following sentences, select the appropriate answer option as debit or credit. 1. Revenue accounts normally have balances. These accounts increase on the side and decrease on the side 2. Liability accounts normally have balances. These accounts increase on the side and decrease on the side 3. Expense accounts normally have balances. These accounts increase on the balances. These accounts increase on the balance. This account increases on the side and decrease on the side 4. Asset accounts normally have side and decrease on the side 5 The owner capital account normally has a side and decreases on the side

business accounting

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Answer 1

Answer #1

1) Credit, Credit, Debit

2) Credit, Credit, Debit

3) Debit, Debit, Credit

4) Debit, Debit, Credit

5) Debit, Debit, Credit

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Answer 2

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