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:

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