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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..- Topics: 0
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C is correct and anitha u r right….
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