Question

Which of the following accounts normally has a credit balance?

a. Prepaid Rent
b.Salaries Expense
c.Accounts Payable
d.Land

Answer 1

Accounts Payable normally has a credit balance

Step-by-step explanation:

In accounting, the term 'credit balance' refers to the balance on the right side of an account. Among the options given, the account that normally has a credit balance is Accounts Payable. Accounts Payable represents the amount owed to suppliers or creditors for goods or services received but not yet paid for.