Multiple choice general knowledge

In book keeping ,what balance does an Asset have?

  1. Credit balance

  2. Debit balance in the beginning and cedit balance in the end

  3. Credit balance in the beginning and debit balance in the end

  4. Debit balance
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In bookkeeping and accounting, assets always have a debit balance. This is a fundamental principle of double-entry bookkeeping - assets are debit accounts and increase with debits.

Keep practicing — related questions