An awareness of the normal balances of accounts would help you spot which of the following as an error in recording?
A) A debit balance in an asset account
B) A credit balance in an expense account
C) A credit balance in a liabilities account
D) A credit balance in a revenue account

Question

Quizplus · Accepted Answer

Assets, liabilities, and revenue accounts normally have debit, credit, and credit balances, respectively. Expenses normally have a debit balance, so a credit balance in an expense account would indicate a recording error.

An Awareness of the Normal Balances of Accounts Would Help