which one of the following account groups normally has a credit balance? a. assets and expenses b. equity…

which one of the following account groups normally has a credit balance? a. assets and expenses b. equity and assets c. liabilities and revenues d. assets and liabilities

which one of the following account groups normally has a credit balance? a. assets and expenses b. equity and assets c. liabilities and revenues d. assets and liabilities

Answer

Answer:

C. liabilities and revenues

Brief Explanation:

In accounting, liabilities and revenues have credit - normal balances. Assets and expenses have debit - normal balances, and equity has a credit - normal balance but assets don't. So C is correct.