Which of the following accounts typically has a normal debit balance?

• A. Common Stock
• B. Service Revenue
• C. Accounts Payable
• D. Accounts Receivable

Answer: (D)

Verified step by step guidance

1. Understand the concept of normal balances: In accounting, each type of account has a normal balance, which is the side (debit or credit) that increases the account's value.
2. Identify the normal balance for asset accounts: Assets typically have a normal debit balance because increases in assets are recorded on the debit side.
3. Review the nature of the given accounts: Common Stock is an equity account with a normal credit balance; Service Revenue is a revenue account with a normal credit balance; Accounts Payable is a liability account with a normal credit balance.
4. Recognize that Accounts Receivable is an asset account, and therefore it normally has a debit balance.
5. Conclude that among the options, Accounts Receivable is the account that typically has a normal debit balance.