Which of the following accounts would normally have a credit balance?
A)Accounts Payable,Service Revenue,Common Stock.
B)Salaries Payable,Deferred Revenue,Delivery Expense.
C)Income Tax Payable,Service Revenue,Dividends.

Question

Quizplus · Accepted Answer

Accounts Payable, Service Revenue, and Common Stock normally have a credit balance. Accounts Payable represents amounts owed to suppliers, Service Revenue represents income earned from services, and Common Stock represents equity contributed by shareholders, all of which are credited when increased.

Which of the Following Accounts Would Normally Have a Credit