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What is the normal balance of an expense account?

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Question: What is the normal balance of an expense account?

Options:

  1. Debit
  2. Credit
  3. Neither
  4. Both

Correct Answer: Debit

Solution: 

The normal balance of an expense account is a debit, which increases the expense when recorded.

What is the normal balance of an expense account?

Practice Questions

Q1
What is the normal balance of an expense account?
  1. Debit
  2. Credit
  3. Neither
  4. Both

Questions & Step-by-Step Solutions

What is the normal balance of an expense account?
  • Step 1: Understand what an expense account is. It is used to track costs that a business incurs.
  • Step 2: Learn about 'normal balance'. This refers to the side (debit or credit) that increases the account's balance.
  • Step 3: Know that expense accounts typically have a normal balance on the debit side.
  • Step 4: Realize that when you record an expense, you add it to the account using a debit entry.
  • Step 5: Conclude that the normal balance of an expense account is a debit, which means it increases the expense when recorded.
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