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Assets normally show: Group of answer choices credit balances. debit balances. debit and credit balances. both debit and credit balances.

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Solution 1

Assets normally show debit balances.

Here's why:

  1. In accounting, assets are resources owned by a business that have future economic value. Examples of assets include cash, accounts receivable, inventory, prepaid expenses, land, buildings, and equipment.

  2. According to the rules of double-entry Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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