State the debit and credit effects and identify the normal balance for the following types of accounts:
Question:
State the debit and credit effects and identify the normal balance for the following types of accounts:
(a) Assets,
(b) Liabilities,
(c) Common shares,
(d) Retained earnings,
(e) Dividends,
(f) Revenues, and
(g) Expenses.
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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