Question on: WAEC Accounting - 2015
Which of the following accounts has a credit balance?
A
Capital
B
Cash
C
Drawings
D
Premises
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Correct Option: A
Normal balance is the side where the balance of the account is normally found. Asset accounts normally have debit balances, while liabilities and capital normallyhave credit balances. Income has a normal credit balance since it increasescapital .
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