The Global Insight.

Informed perspectives on world events and diverse topics

entertainment

Normal account balance - How To Discuss

By Olivia House

Normal account balance,

Definition of Normal account balance:

  1. Type of balance expected of a particular account based on its balance sheet classification. Normally, asset and expense accounts have debit balances, and equity, liability, and revenue accounts have credit balances. Also called normal balance.

Meaning of Normal account balance & Normal account balance Definition

Related Archive

More in entertainment