Which of the following statements is false?

A) Expense accounts have a debit balance.
B) Revenue accounts have a credit balance.
C) Gain accounts have a credit balance.
D) Loss accounts have a credit balance.

Expense Accounts

Accounts in the general ledger that are used to record various costs and expenses incurred by a business.

Revenue Accounts

Accounts that track the income a business receives from its various activities, such as sales of products or services.

Loss Accounts

Accounts used to record the loss in value of assets or to represent expenses that reduce net income.