A debit balance would be expected to arise when the accounts are balanced at the period end on which of the following accounts: a) Capital b) Sales c) Electricity d) Loan please answer this question…M confuse:(
i tink C as that’s the only expense (assets n expenses normally has a Dr balance).. a) usually has a Cr balance b) Sales has Cr balance as well d) is either a long-term liablilty or current liability. Hence, a Cr balance. Correct me if i’m wrong..