A debit balance in which of the following accounts would indicate a likely error

A credit balance in which of the following accounts would indicate a likely error?
a) Dividends
b) Accounts Payable
Page 2|9

c) Fees Earned
d) Capital Stock

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    In which of the following accounts would a debit balance indicate a likely error?

    Answer choice: C. Fees earned has a normal credit balance so if it ended up with a debit balance there would have been an error that occurred. In contrast, accounts receivable (asset), cash (asset), and miscellaneous expense (expense) have normal credit balances.

    Which of the following will indicate a debit balance?

    Asset, Expense and Loss Accounts will show a Debit Balance at the year end.

    In which of the following accounts would a credit balance indicate a likely error?

    Financial Accounting A credit balance in which of the following accounts would indicate a likely error? Answer: The correct answer is the salary expense.

    What is an example of a debit balance?

    Assets and expenses have natural debit balances. This means that positive values for assets and expenses are debited and negative balances are credited. For example, upon the receipt of $1,000 cash, a journal entry would include a debit of $1,000 to the cash account in the balance sheet, because cash is increasing.

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