Which of the following accounts normally has a debit balance?

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

Answer: (A)

Verified step by step guidance

1. Understand the concept of normal account balances: In accounting, accounts are classified into assets, liabilities, equity, revenues, and expenses. Each type of account has a normal balance, which is either a debit or credit. Assets and expenses typically have debit balances, while liabilities, equity, and revenues usually have credit balances.
2. Analyze the account 'Cash': Cash is an asset account. Since assets normally have a debit balance, Cash would typically have a debit balance.
3. Analyze the account 'Service Revenue': Service Revenue is a revenue account. Revenue accounts normally have a credit balance, so Service Revenue does not have a debit balance.
4. Analyze the account 'Accounts Payable': Accounts Payable is a liability account. Liability accounts normally have a credit balance, so Accounts Payable does not have a debit balance.
5. Analyze the account 'Common Stock': Common Stock is an equity account. Equity accounts normally have a credit balance, so Common Stock does not have a debit balance.