On the trial balance, which account balances should be listed in the credit column?
A)Liabilities, Retained Earnings, and Revenues
B)Assets, Retained Earnings, and Expenses
C)Liabilities, Common Stock, and Expenses
D)Assets, Dividends, and Expenses

Question

Quizplus · Accepted Answer

Liabilities, Retained Earnings, and Revenues are accounts with normal credit balances and should be listed in the credit column of a trial balance. Assets, Dividends, and Expenses typically have debit balances.

On the Trial Balance, Which Account Balances Should Be Listed