Accounting Questions?

Accounting Questions?
1. Asset accounts normally have ____ balances. 2. The balance in an accounts receivable is usually a(n) ___ balance. 3. A debit balance in a liability account is called a(n) ___ balance.


Answers:

Chosen Answer
lillydagger_233:  1. Debit 2. Debit 3. Contra
2008-03-30 13:59:51