Of the following accounts, the one that normally has a credit balance is
A) cash
B) office equipment
C) sales salaries payable
D) Ted Neal, withdrawals
E) sales salaries expense

Question

Quizplus · Accepted Answer

Sales salaries payable is a liability account which normally has a credit balance. This means that the company owes money to their employees for salaries earned but not yet paid. The other accounts listed are all asset or expense accounts which have normal debit balances.

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