Which of the following accounts has a normal credit balance?
A) Cash
B) Notes Receivable
C) Salaries and Wages Expense
D) Unearned Revenue

Question

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Unearned Revenue is a liability account which represents a company's obligation to provide goods or services in the future. As it is a liability account, it has a normal credit balance. Choice A (Cash) and B (Notes Receivable) are asset accounts with a normal debit balance, while choice C (Salaries and Wages Expense) is an expense account with a normal debit balance.

Which of the Following Accounts Has a Normal Credit Balance