Answered: Directions: Complete the table by…

Directions: Complete the table by identifying whether the normal account balanc falls under debit or credit. Write D for debit and C for credit on a separate sheet of paper.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Directions: Complete the table by identifying whether the normal account balance
falls under debit or credit. Write D for debit and C for credit on a separat
sheet of paper.
Normal Account
Balance
1. Assets
2. Liabilities
3. Owner's Equity
4. Income
5. Expenses

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