Which of the following accounts has a debit balance?

A) Accounts Payable.

B) Deferred Revenue.

C) Service Revenue.

D) Salaries Expense.

Answer: D

Which of the following accounts would normally have a credit balance?

A) Accounts Payable, Service Revenue, Common Stock.

B) Salaries Payable, Deferred Revenue, Delivery Expense.

C) Income Tax Payable, Service Revenue, Dividends.

D) Cash, Repairs and Maintenance Expense, Dividends.

Answer: A

Which of the following accounts would normally have a debit balance?

A) Accounts Payable, Service Revenue, Common Stock.

B) Salaries Payable, Deferred Revenue, Utilities Expense.

C) Income Tax Payable, Service Revenue, Dividends.

D) Cash, Delivery Expense, Dividends.

Answer: D

Which of the following accounts would normally have a debit balance and appear in the balance sheet?

A) Accounts Receivable.

B) Deferred Revenue.

C) Salaries Expense.

D) Dividends.

Answer: A

Which of the following accounts has a credit balance?

A) Salaries Expense.

B) Accounts Payable.

C) Land.

D) Prepaid Rent.

Answer: B

Revenues normally carry a ________ balance and are shown in the ________.

A) Debit; Statement of stockholders' equity

B) Credit; Income statement

C) Credit; Balance sheet

D) Debit; Balance sheet

Answer: B

Dividends normally carry a ________ balance and are shown in the ________.

A) Debit; Statement of stockholders' equity

B) Debit; Income statement

C) Credit; Balance sheet

D) Debit; Balance sheet

Answer: A