Asked by Mackenzie Dolishny on Jul 18, 2024

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______________ _______________ and _______________ have debit normal account balances whereas _______________ ________________ and ________________ have credit normal account balances.

Debit Normal

Refers to accounts that are increased with a debit transaction and have a natural debit balance, such as assets, expenses, and losses.

Credit Normal

The usual terms or conditions under which credit is extended to customers, including payment due dates and interest rates.

  • Understand the normal balance of various types of accounts.
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TB
Tommy BandyJul 19, 2024
Final Answer :
Assets expenses owner's drawingsowner's capital liabilities revenues