Which of the following accounts does NOT normally have a credit balance?
A) Accounts payable
B) Retained profits
C) Tax payable
D) Wages expense

Name: Which of the following accounts does NOT normally have a credit balance? A) Accounts payable B) Retained profits C) Tax payable D) Wages expense
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Question

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Wages expense is a nominal account, which means it has a normal debit balance. Accounts payable, tax payable, and retained profits are all liability or equity accounts, which typically have credit balances.

Which of the Following Accounts Does NOT Normally Have a Credit