Which of the following accounts normally has a debit balance?
A) Accounts Payable
B) Common Stock
C) Dividends
D) Service Fees Earned
E) None of the above

Question

Quizplus · Accepted Answer

Dividends typically have a debit balance because they represent a distribution of earnings to shareholders, reducing the equity of the company. Accounts Payable, Common Stock, and Service Fees Earned usually have a credit balance.

Which of the Following Accounts Normally Has a Debit Balance