Identify the accounts that would normally have balances in the credit column of a business's trial balance.

Question

Identify the accounts that would normally have balances in the credit column of a business's trial balance.

BlackTom AI · Accepted Answer

Liabilities and revenues normally have credit balances on a trial balance because their normal accounting treatment increases on the credit side.

1) Relevant knowledge points and concepts
- A trial balance lists ledger accounts and their ending debit or credit balances to check that total debits equal total credits.
- Each account type has a normal balance: Assets and expenses normally have debit balances; liabilities, equity (owner’s capital/retained earnings), and revenues normally have credit balances.
- Contra accounts (e.g., accumulated depreciation) can have opposite balances, but the basic normal balances guide which column they appear in.

2) Step-by-step reasoning
- Identify each major account type and its normal balance:
  - Assets → normal debit
  - Expenses → normal debit
  - Liabilities → normal credit
  - Revenues → normal credit
  - Equity → normal credit
- The trial balance’s credit column therefore will contain those accounts whose normal balance is credit. From the choices given, liabilities and revenues both normally carry credit balances.

3) Intermediate mapping (shows the “calculation” logic)
- If account is Liability → place in Credit column.
- If account is Revenue → place in Credit column.
- If account is Asset or Expense → place in Debit column.
Thus the set of accounts that “normally” appear in the credit column is represented by liabilities and revenues among the options.

4) Why the correct answer is correct
- Liabilities increase with credits (e.g., borrowing increases a liability on the credit side). Revenues increase equity via retained earnings and are recorded as credits. Therefore both are normally credit balances and belong in the credit column.

5) Why the other options are incorrect
- Assets and expenses: both normally debit balances — wrong.
- Revenues and expenses: mixed normal balances (one credit, one debit) — not both credit.
- Assets and revenues: assets are debit, so this pair is mixed.
- Liabilities and expenses: expenses are debit, so this pair is mixed.

Conclusion: The correct choice is “Liabilities and revenues,” which matches the provided answer.

Identify the accounts that would normally have balances in the credit column of a business's trial balance.单项选择题

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