WAEC Accounting 2015 Objective — Question 12
Question 12 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following accounts has a credit balance?
- A. CapitalCorrect
- B. Cash
- C. Drawings
- D. Premises
Explanation
The capital account normally has a credit balance because it represents the claim of the owner on the assets of the business.
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