Normal account balances [5 min]
The accounting equation includes three basic types of accounts: assets, liabilities, and stockholders’ equity. In turn, stockholders’ equity holds the following types: common stock, retained earnings, dividends, revenues, and expenses.
Requirement
1. Identify which types of accounts have a normal debit balance and which types have a normal credit balance.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.