State for each account whether it is likely to have debit, Accounting Basics

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State for each account whether it is likely to have debit

Rules of Debit and Credit and Normal Balances State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. Also, indicate its normal balance.

Typical Entrees Normal Balance

1. Accounts Payable -

2. Cash -

3. Dividends -

4. Miscellaneous

5. Insurance Expense

6. Fees earned

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Accounting Basics: State for each account whether it is likely to have debit

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