asked 189k views
3 votes
Type the correct answer in the box. Spell all words correctly.

What are the accounting heads that appear on the credit side of the T accounts?
Liability.
revenue, gains, and capital (equity) accounts have credit balances in the T account.

1 Answer

0 votes

Final answer:

The accounting heads on the credit side of T accounts are revenue, gains, and capital (equity) accounts.


Step-by-step explanation:

The accounting heads that appear on the credit side of the T accounts are revenue, gains, and capital (equity) accounts. These accounts have credit balances, which means they increase on the credit side of a T account.


Learn more about Accounting Heads on the Credit Side of T Accounts

answered
User Himanth
by
8.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.