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    slatebluecat's Avatar
    slatebluecat Posts: 4, Reputation: 1
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    #1

    Nov 4, 2008, 05:44 PM
    Normal credit balance
    Which of the following accounts has a normal credit balance?
    a. Sales Returns & Allowances
    b. Sales
    c. Merchandise Inventory
    d. Delivery Expense

    My guess would be b. Sales
    But I'm not sure.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Nov 5, 2008, 11:59 AM

    A is a Contra Revenue Account. Has a normal Debit Balance

    B is a Revenue Account. Has a normal Credit Balance

    C is a Current Asset Account. Has a normal Debit Balance

    D is an Expense Account. Has a normal Debit Balance
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