Of the following accounts,the one that normally has a credit balance is:
A) Cash.
B) Office Equipment.
C) Sales Salaries Payable.
D) Ted Neal,Withdrawals.
E) Sales Salaries Expense.

Question

Quizplus · Accepted Answer

Sales Salaries Payable is a liability account, which normally has a credit balance. This represents the amount owed to employees for their salaries, which is recorded as a credit until it is paid. The other accounts listed are either assets or owner's equity accounts, which normally have debit balances.

Of the Following Accounts,the One That Normally Has a Credit