Which of the following statements is incorrect? a. The normal balance of the receivable account is a debit. b. The normal balance of the owner's personal account is a debit…

Question

Which of the following statements is incorrect? a. The normal balance of the receivable account is a debit.
`b`. The normal balance of the owner's personal account is a debit. c. The normal balance of an unearned revenues account is a credit. d. The normal balance of an expense account is a credit. e. All of the above statements are correct.

Answer 1

d. The normal balance of an expense account is a credit.