Which accounts normally reflect credit balances

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Reference no: EM132739277

Problem 1: Permanent accounts would include

a. Assets, liabilities and income

b. Assets, liabilities, and equity

c. Income and expenses

d. Income, expenses, and equity

Problem 2: The following accounts normally reflect credit balances in an unadjusted trial balance

a. Liabilities, capital, withdrawals, and expenses

b. Liabilities, capital, withdrawals, and income

c. Liabilities, capital, revenues, and gains

d. Liabilities, withdrawals, revenues, and gains

Reference no: EM132739277

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