单词 | normal balance |
释义 | normal balance in Accounting (nɔrməl bæləns) Word forms: (regular plural) normal balances noun (Accounting: Financial statements) balance , balance The normal balance of an account is the side of the account that is positive or increasing. The normal balance for asset and expense accounts is the debit side, while for income, equity, and liabilityaccounts it is the credit side. An account's assigned normal balance is on the side where increases go because the increases in any account are usuallygreater than the decreases. The normal balance of an account is the side of the account that is positive or increasing. |
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