Which accounts have a normal debit balance?
Which accounts have a normal debit balance? Accounts that normally have a debit balance include assets, expenses, and losses. Examples of these accounts are the cash, accounts receivable, prepaid expenses, fixed assets (asset) account, wages (expense) and loss on sale of assets (loss) account. What type of account has a normal debit balance? Expenses decrease … Continue reading Which accounts have a normal debit balance?
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