Question

when accounts have normal balances, which of the following accounts does not have a debit balance on the adjusted trial balance?

Answer 1

Revenue accounts, liability accounts, and stockholders' equity accounts do not have a debit balance on the adjusted trial balance.

Step-by-step explanation:

When accounts have normal balances, all revenue accounts, liability accounts, and stockholders' equity accounts have a credit balance on the adjusted trial balance. This means that these accounts increase when credited and decrease when debited.

On the other hand, asset accounts, contra-asset accounts, and expense accounts have a debit balance on the adjusted trial balance. These accounts increase when debited and decrease when credited.

Therefore, the answer to your question is that revenue accounts, liability accounts, and stockholders' equity accounts do not have a debit balance on the adjusted trial balance.