[Answer] Is this statement True or False?Expenses decrease owner's equity so an expense account's normal balance is a debit balance.

Answer: true

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Is this statement True or False?Expenses decrease owner's equity so an expense account's normal balance is a debit balance. Is this statement True or False ? Expenses decrease owner's equity so an expense account's normal balance is a debit balance. a. Expenses increase stockholders equity so an expense account's normal balance is a credit balance. b. Expenses decrease stockholders equity so an expense account's normal balance is a credit balance. c. Expenses increase stockholders' equity so an expense account's normal balance is a debit balance. d. What is an expenses normal balance ? Expenses decrease equity an expense accounts normal balance is a debit balance T or F : Debits in the journal are always posted as debits in the ledger The sum of the debits must equal the sum of the credits on the trial balance . true or false ? true . Asset and expense accounts normally have. debit balances. ... Withdrawals of cash and other assets by the owner for personal reasons decrease owner's equity . true or false ? true . The owner's capital account normally has a credit balance . true or ... which of the following types of accounts has a normal debit balance ? A. withdrawals B. assets C. expenses ... A. increase in asset accounts B. decrease in expense accounts C. increase in the revenue account ... true or false Withdrawals and expenses are report...

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