Which of the following accounts normally have a credit balance?
A)Unearned revenue;Prepaid rent;Sales revenue.
B)Sales revenue;Expenses;Retained earnings.
C)Sales revenue;Cash;Unearned revenue.
D)Accounts payable;Retained earnings;Sales revenue.

Question

Quizplus · Accepted Answer

Accounts payable, retained earnings, and sales revenue typically have a credit balance. Accounts payable is a liability account, retained earnings represent equity, and sales revenue is an income account, all of which normally carry a credit balance.

Which of the Following Accounts Normally Have a Credit Balance