The accounts listed on the trial balance with a credit balance include

a. liability, owner s capital, and revenue accounts.

b. asset, liability, and owner s capital accounts.

c. owner s capital, revenue, and expense accounts.

d. liability, owner s capital, and expense accounts.

Question

Business

Cristal Spears

15 July, 09:35

The accounts listed on the trial balance with a credit balance include

a. liability, owner s capital, and revenue accounts.

b. asset, liability, and owner s capital accounts.

c. owner s capital, revenue, and expense accounts.

d. liability, owner s capital, and expense accounts.

+1

Answers (1)

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Zaire Ayala · Answer 1

The correct answer for this question is "c. owner's capital, revenue, and expense accounts." The accounts listed on the trial balance with a credit balance include the owner's capital, the revenue, and the expense accounts. The trial balance is a two-column schedule with all the debit balances listed in one column and all the credit balances listed in the other.

The accounts listed on the trial balance with a credit balance includea. liability, owner s capital, and revenue accounts.b. asset, liability, and owner s capital accounts.c. owner s capital, revenue, and expense accounts.d. liability, owner s capital, and expense accounts.

The accounts listed on the trial balance with a credit balance include

a. liability, owner s capital, and revenue accounts.

b. asset, liability, and owner s capital accounts.

c. owner s capital, revenue, and expense accounts.

d. liability, owner s capital, and expense accounts.