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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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