The following accounts shall have a normal credit balance:
O a Capital and reserve accounts;
O b. Income accounts;
Oc. Contingent liability accounts
Od Liability
Oe. All

Question

10-06-2024
Business

Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

The following accounts shall have a normal credit balance:
O a Capital and reserve accounts;
O b. Income accounts;
Oc. Contingent liability accounts
Od Liability
Oe. All

Sagot :

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.

A personal trainer determines that an individual will get the most benefit from a workout if they keep their heart rate at an average of 150 beats per minute du

Please help me find the answer

If a 5% increase in the price of X results in a 7% increase of quantity demanded of Y. Cross elasticity coefficient between X and Y _____

1.PracticeEach year the study Monitoring the Future: A Continuing Study of American Youth surveys students on awide range of topics related to behaviors, attitu

Which of the following was NOT an advantage of the domestication of the horse for IndoEuropeans:a. Horses provided a fast and versatile mode of transport.b. Hor

What is the resistance in the circuit? 0.05 1.8 5.7 20

Groups are used to ________ Select an answer: O calculate averages and sums of values O merge data from different columns O mass-rename a collection of items O

Find solution1/4 (x+1) (4x³ - 7x² - 8x -4)

Which strategy should you use first when reading an expository text?O A.Ask someone for help in understanding the text.O B.O c.OD. Note what you have learned fr

Imagine that you are the customer service manager for Gillette Stadium in Foxboro, MA, and you want to make sure that your patrons are pleased with their experi

GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-10T03:28:21-04:00

Final answer:

Liabilities in accounting have a normal credit balance, indicating what the company owes. Accounts like Accounts Payable fall into this category.

Explanation:

Liabilities are obligations or debts that a company owes to others, and they typically have a normal credit balance. This includes accounts like Accounts Payable and Notes Payable. In accounting, a credit increases a liability account, indicating what the company owes.

Learn more about Liabilities and Accounting Principles here:

https://brainly.com/question/44194974

Sagot :

Final answer:

Explanation:

Learn more about Liabilities and Accounting Principles here:

Other Questions