Cash is normally a credit balance.

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Understand the Problem

The question is asking whether cash is typically classified as a credit balance, which relates to accounting principles regarding the nature of cash accounts.

Answer

False.

The final answer is False.

Answer for screen readers

The final answer is False.

More Information

Cash is an asset account and normally has a debit balance. A credit balance in a cash account would indicate negative cash, which is atypical.

Tips

Confusing the normal balance of asset accounts with liability accounts can lead to errors.

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