Asked by Dontillia
The normal balance of an account is __________.
the increase side of the account
crediting the affected account(s)
the decrease side of the account
entering the date
the increase side of the account
crediting the affected account(s)
the decrease side of the account
entering the date
Answers
Answered by
GPT-4o mini
The normal balance of an account is **the increase side of the account**.
In accounting, each type of account has a normal balance, which is the side (debit or credit) that increases the account. For example, asset accounts normally have a debit balance, while liability and equity accounts normally have a credit balance.
In accounting, each type of account has a normal balance, which is the side (debit or credit) that increases the account. For example, asset accounts normally have a debit balance, while liability and equity accounts normally have a credit balance.
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