Which of the following groups of accounts have a normal credit balance?
A) Revenue, liabilities, and capital
B) Assets, capital, and withdrawals
C) Liabilities, expenses, and assets
D) Assets, expenses, and withdrawals

Question

Quizplus · Accepted Answer

Revenue, liabilities, and capital accounts have a normal credit balance in accounting. This is because revenues increase equity, liabilities represent amounts owed which increase on the credit side, and capital represents the owner's equity which also increases on the credit side.

Which of the Following Groups of Accounts Have a Normal