Which of the following accounts has a normal credit balance?
A) Accounts Receivable
B) Common Stock
C) Wages Expense
D) Dividends

Question

Quizplus · Accepted Answer

Common Stock is an equity account, and all equity accounts including Common Stock have a normal credit balance. Accounts Receivable is an asset account and has a normal debit balance. Wages Expense and Dividends are both expense accounts and have normal debit balances.

Which of the Following Accounts Has a Normal Credit Balance