Question: Assuming normal account balances, the following statement is true when balancing a T - account or Ledger? Answer Unselected Dividends normally have credit balances. Unselected

Assuming normal account balances, the following statement is true when balancing a T-account or Ledger?
Answer
Unselected
Dividends normally have credit balances.
Unselected
Assets normally have credit balances.
Unselected
Expenses normally have credit balances.
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Liabilities normally have credit balances.

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