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26 January, 06:48

Which one of the following accounts will have a credit balance?

O Dividends

O Salary Expense

O Supplies

O Common Stock

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Answers (1)
  1. 26 January, 07:07
    0
    Common Stock

    Explanation:

    We know that

    The debit sections track assets, expenses side, and dividend while revenues, stockholder equity, and the liability side are reported in the credit section.

    So in the given question, the common stock has credit balance whereas the dividend, supplies, and the salary expense has a debit balance

    By proper posting of accounts in the correct columns, the total of debit and credit columns would be matched.
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