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Which of the following accounts normally has a credit balance?
Multiple Choice
Accounts receivable.
Cash.
Building.
Capital Stock.
Solution
The correct answer is Capital Stock
Note:
Accounts Receivable, Cash and Building are assets. The assets usually have debit balances. On
the other hand, Capital Stock usually has a credit balance.

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Which of the following accounts normally has a credit balanceMult.pdf

  • 1. Which of the following accounts normally has a credit balance? Multiple Choice Accounts receivable. Cash. Building. Capital Stock. Solution The correct answer is Capital Stock Note: Accounts Receivable, Cash and Building are assets. The assets usually have debit balances. On the other hand, Capital Stock usually has a credit balance.