Which of the following accounts has credit balance?
...Which of the following accounts has credit balance?
Return inwards account
Machinery account
Sales account
Cash account
Correct answer is C
Liabilities, revenues and sales, gains, and owner equity and stockholders' equity accounts normally have credit balances.
\(\begin{array}{c|c} & ₦ \\ \hline \text{Balance as per cash book} & 8,000 Cr\\ \text{Unpr...
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