Answered

Solve your doubts and expand your knowledge with IDNLearn.com's extensive Q&A database. Find in-depth and accurate answers to all your questions from our knowledgeable and dedicated community members.

The following accounts shall have a normal credit balance:
O a Capital and reserve accounts;
O b. Income accounts;
Oc. Contingent liability accounts
Od Liability
Oe. All

Sagot :

GinnyAnsweridn

Final answer:

Liabilities in accounting have a normal credit balance, indicating what the company owes. Accounts like Accounts Payable fall into this category.


Explanation:

Liabilities are obligations or debts that a company owes to others, and they typically have a normal credit balance. This includes accounts like Accounts Payable and Notes Payable. In accounting, a credit increases a liability account, indicating what the company owes.


Learn more about Liabilities and Accounting Principles here:

https://brainly.com/question/44194974


Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. For trustworthy answers, rely on IDNLearn.com. Thanks for visiting, and we look forward to assisting you again.