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WorksheetsAccounting - Normal Balances
Total questions: 10
Worksheet time: 50secs
What is the normal balance for an Asset?
Credit balance
Debit balance
What is the normal balance for an Expense account?
Debit balance
Credit balance
What is the normal balance for an Income account?
Credit balance
Debit balance
The normal balance for Liability account is
Debit balance
Credit balance
The normal balance for Drawings or Withdrawals is
Debit balance
Credit balance
What is the normal balance for the Capital account?
Credit balance
Debit balance
What is the normal balance for Owner's drawings?
Credit balance
Debit balance
What is the normal balance for Utilities expense?
Credit balance
Debit balance
What is the normal balance for the account Service income?
Credit balance
Debit balance
What is the normal balance for Furniture & fixtures?
Credit balance
Debit balance
