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Which of the following is the normal balance of a rent expense account?

A. Credit balance

B. Cash balance

C. Overdraft

D. Debit balance

Answer: Option D

Solution(By Examveda Team)

Debit balance is the normal balance of a rent expense account. Asset accounts normally have debit balances.

This Question Belongs to Commerce >> Accounting

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Comments ( 1 )

  1. Sanjay Giri
    Sanjay Giri :
    6 years ago

    Can anyone explain this please??

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