Of the following accounts, the one that normally has a debit balance is
A) accounts payable
B) accounts receivable
C) Ted Neal, capital
D) sales revenue
E) unearned revenue

Question

Quizplus · Accepted Answer

Accounts receivable normally has a debit balance because it represents amounts owed to the company, increasing with sales on credit and decreasing as payments are received.

Of the Following Accounts, the One That Normally Has a Debit