Which of the following correctly identifies normal balances of accounts

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The main Read more. If an account has a Normal Debit Balanc e, it increases on the debit side.

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Normal Balances of Accounts
The normal balance of an account shows if increases are recorded on the debit or credit side. Assets, expenses, and dividends or owner's draws usually have a. Which of the following correctly identifies normal balances of accounts? a. AssetsDebit LiabilitiesCredit Owner's. For example, for an asset account like Cash, increases are recorded on the debit side, and decreases are recorded on the credit side, following.