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The normal balance for liability and owners capital is the increase side or credit side.

Identify the normal balance of accounts. Use T accounts to illustrate the rules of debit and credit for asset accounts liability accounts and the owners capital account and to express the accounting equation. Transactions That Affect Assets Liabilities and Owners Capital Short Answer Directions. Learn vocabulary terms and more with flashcards games and other study tools. Also known as net assets or equity capital refers to what is left to the owners after all liabilities are settled. Identify the normal balance of accounts.
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Chapter 4 Transactions That Affect Assets Liabilities And Owner S Capital Ppt Download
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