Of the following accounts, the one that normally has a credit balance is
A)Sales Salaries Expense.
B)Cash.
C)Office Equipment.
D)Sales Salaries Payable.
E)Ted Neal, Withdrawals.

Question

Quizplus · Accepted Answer

Sales Salaries Payable is a liability account and normally has a credit balance. The other accounts listed are either assets (Cash and Office Equipment) or expense/owner's equity accounts (Sales Salaries Expense and Ted Neal, Withdrawals) which usually have debit balances.

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