Which of the following types of accounts has a normal credit balance?
A) Withdrawals
B) Assets
C) Expenses
D) Revenues

Name: Which of the following types of accounts has a normal credit balance? A) Withdrawals B) Assets C) Expenses D) Revenues
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Question

Quizplus · Accepted Answer

Revenues have a normal credit balance in accounting. This is because revenue increases are recorded as credits, and decreases are recorded as debits, following the double-entry accounting system.

Which of the Following Types of Accounts Has a Normal