What is expected from a particular account, based on the balance sheet of this account. Credit and debit balances are also called normal balance.
Related information about normal balance:
- Normal balance - Wikipedia, the free encyclopedia
Normal balance is the accounting classification of an account. It is part of double- entry book-keeping technique. An account has either credit (Abbrev. CR) or ...
- Normal Balances - Debits and Credits | AccountingCoach.com
Accounts with balances that are the opposite of the normal balance are called contra accounts; hence contra revenue accounts will have debit balances.
- What is normal balance? definition and meaning
Definition of normal balance: Alternative term for normal account balance.
- AC 231 Normal Balances flashcards | Quizlet
What is the normal balance of Accounts Payable in the general ...
- Normal Balances
Depending on which item someone is looking at will determine what the “normal balance” is. ▣ The “normal balance” is simply the standard way an item is ...
- What is the normal balance for an account? - Questions & Answers ...
Jul 2, 2011 ... A normal balance is the expectation that a particular type of account will have either a debit or a credit balance based on its classification within ...
- Bookkeeping Basics - What is a Normal Balance? - YouTube
Nov 5, 2010 ... For more great tutorials and videos on how to use QuickBooks as well as on how to use Excel visit my blog: http://nerdenterprises.com/blog/ ...
- What Is a Normal Balance?
In accounting terminology, a normal balance refers to the kind of balance that is considered normal or expected for each type of account. It can either be a debit ...