180k views
0 votes
An awareness of the normal balances of accounts would help you spot which of the following as an error in recording?

A) a debit balance in the Dividends account
B) a credit balance in an expense account
C) a credit balance in a liabilities account
D) a credit balance in a revenue account

User Yoninja
by
7.7k points

1 Answer

1 vote

Final answer:

An error in recording that can be spotted by an awareness of normal balances of accounts is a credit balance in an expense account, which typically should have a debit balance.

Step-by-step explanation:

An awareness of the normal balances of accounts helps in spotting errors in recording. Looking at the options given:

  • A) A debit balance in the Dividends account is correct, as dividends normally have a debit balance.
  • B) A credit balance in an expense account is incorrect, since expense accounts typically have debit balances.
  • C) A credit balance in a liabilities account is correct, as liabilities typically have a credit balance.
  • D) A credit balance in a revenue account is also correct, as revenues normally have credit balances.

Therefore, the error in recording indicated by an abnormal balance would be option B, a credit balance in an expense account.

The normal balance for Dividends is a debit in accounting.

User Adamteale
by
7.6k points