In terms of debits and credits,which of the following accounts have the same normal balances?
A)Accounts payable,accounts receivable,notes payable
B)Dividends,accounts receivable,notes payable
C)Advertising expense,selling expense,accounts receivable
D)Land,building,accounts payable
E)Common stock,notes payable,land

Question

Quizplus · Accepted Answer

Advertising expense, selling expense, and accounts receivable all have debit normal balances. Expenses increase with debits and decrease with credits, while accounts receivable increases with debits when sales are made on credit.

In Terms of Debits and Credits,which of the Following Accounts