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 the owner's drawings 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

Expenses typically have debit balances, so a credit balance would indicate an error. Debit balances are normal for owner's drawings and liabilities accounts, while credit balances are normal for revenue accounts.

An Awareness of the Normal Balances of Accounts Would Help