Which of the following normally has a credit balance?
A)Accounts receivable
B)Capital assets
C)Prepaid insurance
D)Retained earnings

Name: Which of the following normally has a credit balance? A)Accounts receivable B)Capital assets C)Prepaid insurance D)Retained earnings
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Question

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Retained earnings normally have a credit balance because it represents the accumulated net income of a company after dividends are paid out to shareholders, which increases with credits and decreases with debits.

Which of the Following Normally Has a Credit Balance