Which of the following accounts normally have a credit balance?
A) Unearned revenues; Prepaid rent; Revenues.
B) Revenues; Expenses; Retained earnings.
C)Revenues; Cash; Unearned revenue.
D)Accounts payable; Retained earnings; Revenues.

Question

Quizplus · Accepted Answer

Accounts payable, retained earnings, and revenues typically have credit balances as they represent liabilities, equity, and income, respectively.

Which of the Following Accounts Normally Have a Credit Balance