Which of the following types of accounts have a normal credit balance?

A. liabilities and expenses
B. common stock and dividends
C. revenues and common stock
D. assets and liabilities

Respuesta :

Answer:

C. revenues and common stock

Explanation:

As we know that

The debit columns report assets and expenditures side while sales, stockholder equity, and the liability side are reported in the credit column.

That means liabilities have a credit balance while expenses have a debit balance

The common stock has a credit balance and the dividend has a debit balance

The revenues and common stock both have a credit balance

The assets have a debit balance while the liabilities has a credit balance