Identify the accounts that would normally have balances in the credit column of a business’s trial balance.
Answer : Revenues and liabilities.
Explanation
In the financial statement we show the revenue on the credit side and the expenses on the debit and assets we show on debit side and liability on the credit side
So we can say that Revenues and liabilities. accounts that would normally have balances in the credit column of a business’s trial balance.
| Trial Balance | |||
| No | Particular | Debit | Credit |
| Aseets | xxx | ||
| Liabelity | xxx | ||
| Revenue | xxx | ||
| Expenses | xxxx | ||
| Total | xxxx | xxxx | |
