All of the following accounts have normal debit balances except
A)accounts receivable.
B)dividends.
C)supplies expense.
D)service revenue.

Question

Quizplus · Accepted Answer

Accounts with normal debit balances increase with debits and decrease with credits. Accounts receivable, dividends, and supplies expense are all asset or expense accounts which increase with debits and decrease with credits. Service revenue, on the other hand, is a revenue account which increases with credits and decreases with debits. Therefore, service revenue has a normal credit balance.

All of the Following Accounts Have Normal Debit Balances Except