Which of the following accounts does NOT have a normal balance? A. Office Supplies--Balance 1,000 debit...

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Question

Which of the following accounts does NOT have a normal balance? A. Office Supplies--Balance 1,000 debit...

Which of the following accounts does NOT have a normal balance?

A. Office Supplies--Balance 1,000 debit

B. Accounts Payable --Balance 1,000 credit

C. Unearned Revenue--Balance 1,000 credit

D. Utilities expense--Balance 1,000 debit

E. Service Revenue-Balance 1,000 debit

business accounting

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Answer 1

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Answer #1

Answer:- E) Service revenue - Balance 1000 debit

Explanation:- service revenue normally has a credit balance not a Debit balance.

As per rules of accounting

There's a nominal account which is based on

Debit all the expenses and losses

Credit all the income and gains

And the revenue is the income for the business so it has generally a credit balance.

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Answer 2

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Which of the following accounts does NOT have a normal balance? A. Office Supplies--Balance 1,000 debit...

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