Question: Assuming normal account balances, which statement is true when balancing a T - account or ledger? Answer Unselected Expenses normally have credit balances. Unselected Withdrawals

Assuming normal account balances, which statement is true when balancing a T-account or ledger?
Answer
Unselected
Expenses normally have credit balances.
Unselected
Withdrawals normally have credit balances.
Unselected
Assets normally have credit balances.
Unselected
Liabilities normally have credit balances.

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