Which of the following accounts has a normal debit balance?
A) Accounts Receivable
B) Accounts Payable
C) Fees Income
D) T.Stark,Capital

Question

Quizplus · Accepted Answer

Accounts Receivable has a normal debit balance. This is because it represents money owed to a company by its customers, so when a sale is made and recorded as revenue, the corresponding increase in Accounts Receivable is a debit.

Which of the Following Accounts Has a Normal Debit Balance