Asked by Dontillia
he normal balance of an account is __________.
the increase side of the account
the decrease side of the account
entering the date
crediting the affected account(s)
the increase side of the account
the decrease side of the account
entering the date
crediting the affected account(s)
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 that indicates whether it usually increases with debits or credits. For example, asset and expense accounts have a normal debit balance, whereas liability, equity, and revenue accounts have a normal credit balance.
In accounting, each type of account has a normal balance that indicates whether it usually increases with debits or credits. For example, asset and expense accounts have a normal debit balance, whereas liability, equity, and revenue accounts have a normal credit balance.
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