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The Owner's Capital account has a Normal debit Balance

The Owner's Capital account has a Normal debit Balance




TRUE OR FALSE
	1.	An increase in revenue is recorded with a credit.


	2.	Owner's withdrawals should appear on the statement of owner's equity.


	3.	The Owner's Withdrawals account has a normal credit balance.


	4.	Expenses have a normal credit balance.


 5.	The Owner's Capital account has a normal debit balance.




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Other / Other
29 Apr 2016

Answers (1)

  1. Genius

    The Owner's Capital account has a Normal debit Balance

    The Owner's Capital account has a Normal debit Balance The Owner' ****** ******
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