Examveda
Examveda

The normal balance of liability account is

A. Credit balance

B. Debit balance

C. Cash balance

D. Neither debit nor credit balance

Answer: Option A

Solution(By Examveda Team)

The normal balance of liability 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 .

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