200 Which of the following accounts normally has a credit balance?
A)Accounts receivable.
B)Cash.
C)Building.
D)Capital Stock.

Question

Quizplus · Accepted Answer

Capital Stock is a liability account and hence has a credit balance. Accounts receivable and building are assets and typically have debit balances, while cash is also an asset but can have either a debit or credit balance depending on transactions.

200 Which of the Following Accounts Normally Has a Credit