Question

Which of the following types of accounts have a normal credit balance? a.Capital and drawing b.Assets and liabilities c.Revenues and capital d.Liabilities and expenses

Answer 1

Answer:

c.Revenues and capital

Explanation:

In accounting when posting to accounts the following have normal credit and debit, meaning when it is debited it's balance reduces and when it is credited its balance increases: Revenue, Liabilities, and Capital (owner's equity).

On the other hand Assets and Expenses have abnormal balance. A debit will result in increased balance, while a credit results in reduced balance.