[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. Expenses decrease owner's equity so an expense account's normal balance is a debit balance . true The Accounts Recievable account is a(n)_____ account and carries a ____ normal 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 ... Sun Sep 26 2010 · B) Expenses decrease owner's equity so an expense account's normal balance is a credit balance. C) Expenses decrease owner's equity so an expense account's normal balance is a debit ba...

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