Exchange Currency

normal balance

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:
  1. 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 ...
     
  2. 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.
     
  3. What is normal balance? definition and meaning
    Definition of normal balance: Alternative term for normal account balance.
     
  4. AC 231 Normal Balances flashcards | Quizlet
    What is the normal balance of Accounts Payable in the general ...
     
  5. 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 ...
     
  6. 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 ...
     
  7. 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/ ...
     
  8. 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 ...