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15 November, 03:33

Which of the following types of accounts have a normal credit balance? a. Capital and drawing b. Assets and liabilities c. Revenues and capital d. Liabilities and expenses

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  1. 15 November, 06:24
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    c. Revenues and capital

    Explanation:

    In accounting when posting to accounts the following have normal credit and debit, meaning when it is debited it's balance reduces and when it is credited its balance increases: Revenue, Liabilities, and Capital (owner's equity).

    On the other hand Assets and Expenses have abnormal balance. A debit will result in increased balance, while a credit results in reduced balance.
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