Which of the Following Accounts Has a Normal Debit Balance

question 131

Multiple Choice

Which of the following accounts has a normal debit balance?

• A) Owner's Withdrawals
• B) Owner's Capital
• C) Unearned Fees
• D) Wages Payable

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Definitions:

Capital Account

An account on a nation's balance of payments that records transactions involving the acquisition or disposal of assets.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.

Personal Use

Personal use denotes utilizing an asset or service for one's own personal needs instead of for business or commercial activities.