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Accounts with a normal credit balance include: (select all that apply)

A) Accounts receivable
B) Allowance for Uncollectible Accounts
C) Bad Debt Expense
D) Cash
E) Sales Revenue

Respuesta :

Answer:

C). Bad Debt Expense

E). Sales Revenue

Explanation:

As per the question, the accounts that are kept with a normal credit balance includes 'bad debt expense' and 'sales revenue account.' Bad debt account is characterized as the account made for noting the expenses incurred in a business due to incollectibility of debts from the debtors or customers who were sold the goods or money on credit and are unable to pay the amount. While sales revenue account is made for the revenue generated by the company from either provision of services or sale of goods. It includes both the cash and a part of it is also held for sales revenue remunerated on credit. Thus, options C and E are the correct answers.

The accounts or accounting is referred to as the method of bookkeeping where the individual ledger pages are maintained to record the individual accounts of assets, liabilities, expenses, and incomes. The normal balance of each account is defined as either a debit balance or a credit balance.

The accounts with a normal credit balance are:

Option C). Bad Debt Expense  

Option E). Sales Revenue

Reasons:

  • The bad debt is the account that is made for recording the expenses incurred by the business due to the uncollected amount of debts from the credit customers or the debtors of the business.

  • The sales revenue account is maintained to record all the revenues generated by the business from the sale of goods or providing services. It records the credit sale as well as cash sale of goods.

As per the general accounting rules, all the revenues and losses have a normal credit balance.

To know more about normal account balance, refer to the link:

https://brainly.com/question/15181114

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