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April 19, 2015

Homework Help: accounting

Posted by ashton on Friday, February 8, 2013 at 7:47pm.

Which of the following statements is incorrect?

a. The normal balance of accounts receivable is a debit.
b. The normal balance of an expense account is a credit.
c. The normal balance of the owner's capital account is a credit.
d. The normal balance of unearned revenues is a credit.
e. The normal balance of owner's withdrawals is a debit.

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