what is the normal balance for an asset account

what is the normal balance for an asset account


1.Another name for balance sheet is 
a)	Statement of operations
b)	Statement of financial position 
c)	Statement of capital balance
2. the balance sheet heading will specify a
a)	Period of time 
b)	Point in time
3. which of the following is a category or element of balance sheet ?
a)	Expenses 
b)	gain 
c)	liabilities 
d)	losses
4. which of the following is an asset account ?
a)	Accounts payable
b)	Prepaid insurance
c)	Unearned revenue
5. what is the normal balance for an asset account?
a)	Debit 
b)	Credit



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