Dividends, Accounts Receivable, and Buildings have normal balances of:
A)credit, debit, and debit, respectively.
B)debit, debit, and credit, respectively.
C)credit, credit, and credit, respectively.
D)debit, debit, and debit, respectively.

Question

Quizplus · Accepted Answer

Dividends, Accounts Receivable, and Buildings are accounts that typically have a debit balance. Dividends represent distribution of earnings to shareholders, Accounts Receivable indicates amounts owed to the company, and Buildings are assets, all of which normally carry a debit balance in accounting.

Dividends, Accounts Receivable, and Buildings Have Normal Balances Of