Of the following accounts, the one that normally has a credit balance is:
A) Cash.
B) Office Equipment.
C) Wages Payable.
D) Owner, Withdrawals.
E) Sales Salaries Expense.

Question

Quizplus · Accepted Answer

Wages Payable is a liability account, which means it represents a debt or obligation that the company owes to employees. As with all liability accounts, Wages Payable has a credit balance, as it represents money that the company owes to someone else.

Of the Following Accounts, the One That Normally Has a Credit