ExamVeda
Login
Home
This question belongs to Commerce Accounting
Accounting
?

The normal balance of capital account is

Answer & Solution
Correct Answer: Option A
The normal balance of capital account is Credit balance. Normal balance is the side where the balance of the account is normally found. Asset accounts normally have debit balances, while liabilities and capital normally have credit balances. Income has a normal credit balance since it increases capital .
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.