When computing the normal balance of an account:
A)salaries expense should have a credit balance.
B)accounts payable should have a credit balance.
C)equipment should have a credit balance.
D)notes payable should have a debit balance.

Question

Quizplus · Accepted Answer

The normal balance of an account is the usual balance that an account should have in its corresponding side, which is either debit or credit. Accounts payable is a liability account, and liabilities usually have credit balances. This means that when recording an increase in accounts payable, it should be credited, and when recording a decrease, it should be debited. Therefore, the normal balance for accounts payable is a credit balance.

When Computing the Normal Balance of an Account