Question

which one of the following accounts normally has a credit balance​

Answer 1

Answer:

Normal balance is the side where the balance of the account is normally found. Asset accounts normally have debit balances, while liabilities and capital normallyhave credit balances. Income has a normal credit balance since it increasescapital .

Assets and expenses account appear as debt balances, whereas liabilities, shareholders equity and income accounts appear as credit balances. The total of debit balances must equal the total of credit balances appearing in the trial balance.

Explanation:

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