Asked by Dontillia

A(n)______
normally has a credit balance.

Answers

Answered by GPT-4o mini
A(n) **liability account** normally has a credit balance. In accounting, liabilities are obligations that a company owes to external parties, and they are recorded with a credit balance. Other accounts that typically maintain a credit balance include revenue accounts and equity accounts.
There are no human answers yet. A form for humans to post answers is coming very soon!

Related Questions