Final answer:
The accounts that typically have credit balances in a trial balance are revenues and liabilities. Revenues represent the income a business earns, and liabilities represent what it owes to others. T-accounts help illustrate the credit side with liabilities and revenues on the right.
Step-by-step explanation:
The question is about identifying which accounts would normally have balances in the credit column of a business's trial balance. The correct answer is d. Revenues and liabilities. A trial balance is a statement that lists all the balances of a company's general ledger accounts. The credit side of a trial balance typically includes revenues, as these represent income earned by the business. It also includes liabilities, signifying amounts the business owes to others (such as loans, accounts payable, etc.). These credit balances contrast with debit balances, which normally include assets and expenses.
T-accounts help visualize the distinction between debit and credit entries; assets are listed on the left (debit) side, while liabilities, net worth, and revenues are on the right (credit) side. The essence of double-entry accounting is that total debits must equal total credits, ensuring a balanced ledger. In the context of a bank, assets might include reserves and loans issued, while liabilities include customer deposits and any other amounts owed.