Question

Answer in only one sentence :

Which types of the accounts always have debit balance?

Answer 1

The accounts that always have debit balance are:
(1) All the asset accounts such as Cash A/c, Bank A/c, Debtors A/c, Stock A/c, Furniture A/c etc.
(2) Drawings A/c, Purchases A/c and Sales Return A/c
(3) All expenses and losses of a business