Debit or credit balance Which of the following accounts would normally have a debit balance? A. Capital

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Debit or credit balance Which of the following accounts would normally have a debit balance?

A. Capital account

B. Discount received

C. Drawings

D. Returns outwards

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 15, 2021 03:57 AM

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I kindly ask to solve the following problem with explanations.

Debit or credit balance Which of the following accounts would normally have a debit balance? A. Capital

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A debit balance in an account means that the account has a positive value while a cre...View the full answer

Accounting For Cambridge International AS And A Level

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