Answered: A credit is not the normal balance for…

A credit is not the normal balance for which account listed below? Dividends account Liability account Common stock account Revenue account

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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A credit is not the normal balance for which account listed below?
Dividends account
Liability account
Common stock account
Revenue account
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