_____ will generally show a debit balance

A. Bank loan

B. Bad debts recovered

C. Drawings

D. Salary payable

Answer: Option C

Solution(By Examveda Team)

Drawings will generally show a debit balance. A drawing account is an accounting record maintained to track money withdrawn from a business by its owners. A drawing account is used primarily for businesses that are taxed as sole proprietorships or partnerships.

Join The Discussion

Related Questions on Accounting