The normal balance of liability account is____________?

Related Mcqs:

An account records the ___________ in the balance of an item?

A. Increase B. Decrease C. Increase or decrease D. Appreciation...

If credit side of a bank account is greater than the debit side, it indicates which of the following?

A. Bank overdraft B. Cash at bank C. Bank balance D. Current Asset...

Which of the following is the normal balance of a rent expense account?

A. Credit balance B. Cash balance C. Overdraft D. Debit balance...

Revenue and expense accounts are referred as______________?

A. Nominal accounts B. Real account C. Cash accounts D. Banks account...

The real accounts are accounts of Assets, liabilities and ___________?

A. Expenses B. Revenues C. Capital D. Drawing...