Nature of Accounts Accounting Quiz

AccountingQuizzes: Nature of AccountsWhich one of these accounts Normally has a Credit Balance?A) Vehicles AccountB)…

Nature of accounts Accounting Quiz.

Which one of these accounts Normally has a Credit Balance?

A) Vehicles Account

B) Inventory

C) Purchases

D) Capital Account


Answer to the Quiz

In the above list, it is very clear that all accept Capital Account normally have debit balances.

So, the correct answer of this accounting quiz is Capital Account, that usually have a Credit Balance.

 

Leave a Reply