NORMAL BALANCE
normal balance.A type of debit or credit balance that is usu. found in ledger accounts. • For
example, assets usu. have debit balances and liabilities usu. have credit balances.
[Blacks Law 8th]
normal balance.A type of debit or credit balance that is usu. found in ledger accounts. • For
example, assets usu. have debit balances and liabilities usu. have credit balances.
[Blacks Law 8th]