Which of the following accounts normally have a credit balance?
A)Unearned revenues; Prepaid rent; Revenues.
B)Revenues; Expenses; Contributed capital.
C)Revenues; Inventory; Unearned revenue.
D)Notes payable; Retained earnings; Revenues.

Question

Quizplus · Accepted Answer

Liability, retained earnings, and revenue accounts are all on the right side of the accounting equation, are all increased with a credit, and thus have a normal credit balance.

Which of the Following Accounts Normally Have a Credit Balance