Multiple choice: Accounts are grouped in a book called the: A. trial balance B. chart of accounts C. journal D. ledger 2. Which of the following groups of accounts have normal debit balances? A. Assets, revenues, and owner withdrawals B. Assets, expenses, and owner withdrawals C. Assets, liabilities, and capital D. Assets, revenues, and expenses
Multiple choice: Accounts are grouped in a book called the: A. trial balance B. chart of accounts C. journal D. ledger 2. Which of the following groups of accounts have normal debit balances? A. Assets, revenues, and owner withdrawals B. Assets, expenses, and owner withdrawals C. Assets, liabilities, and capital D. Assets, revenues, and expenses
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 3.19C
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Multiple choice:
Accounts are grouped in a book called the:
A. trial balance
B. chart of accounts
C. journal
D. ledger
2. Which of the following groups of accounts have normal debit balances?
A. Assets, revenues, and owner withdrawals
B. Assets, expenses, and owner withdrawals
C. Assets, liabilities, and capital
D. Assets, revenues, and expenses
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