Accountancy, asked by teenhuzaifamng, 4 months ago

Give an example of an account that does not indicate a credit balance​

Answers

Answered by dipalipuja2006
3

Liability and stockholders' equity accounts will normally have credit balances. Revenue accounts will have credit balances (since revenues will increase stockholders' or owner's equity). Expense accounts will normally have debit balances as they cause stockholders' and owner's equity to decrease.

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