22+ Normal Balance Accounting UK. The normal balance of an account depends on the type of account it is. Normal balance and type of account for various types of accounts learn with flashcards, games and more — for free.
Introduction To Accounting from image.slidesharecdn.com An account has either credit (abbrev. Asset accounts normally have debit balances, while liabilities and capital normally have credit balances. (1) debit balance of asset account:
An account's _ is always on the increase side of an account.
The increase or surplus of asset account is the normal balance of asset account. With asset accounts, like cash and accounts receivable for example, the normal balance would be a debit. The normal balance of an account depends on the type of account it is. Balance sheet accounts are assets, liabilities and equity.
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