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Which accounts that normally show credit balances are

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Reference no: EM132761289

Problem 1: If goods are taken for private use, the accounting record should be:

a) Debit drawings account, credit inventory account
b) Debit drawings account, credit sales account
c) Debit drawings account, credit purchases account
d) Debit drawings account, credit capital account

Problem 2: Accounts that normally show credit balances are

a) Assets, expenses, drawings
b) Liabilities, expenses and capital
c) Liabilities, capital and revenue
d) Capital, inventory and overdraft

Reference no: EM132761289

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