Which of the following accounts normally have a debit balance?
A)Prepaid expenses,Wages payable,Dividends.
B)Cash,Utilities expense,Accounts receivable.
C)Retained earnings,Cost of goods sold,Wages expense.
D)Utilities expense,Prepaid expenses,Wages payable.

Question

Quizplus · Accepted Answer

In accounting, assets (such as Cash and Accounts receivable) and expenses (such as Utilities expense) normally have a debit balance. This is in accordance with the double-entry accounting system where assets and expenses increase on the debit side.

Which of the Following Accounts Normally Have a Debit Balance