What does normal balance mean?
Definitions for normal balance
nor·mal bal·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word normal balance.
Wikipedia
Normal balance
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 debit (Abbrev. DR) normal balance. To increase the value of an account with normal balance of credit, one would credit the account. To increase the value of an account with normal balance of debit, one would likewise debit the account. The fundamental accounting equation is the following: Asset = Liability + Owner's equity The account on left side of this equation has a normal balance of debit. The accounts on right side of this equation have a normal balance of credit. The normal balance of all other accounts are derived from their relationship with these three accounts. Normal balance of common accounts: Asset: Debit Liability: Credit Owner's Equity: Credit Revenue: Credit Expense: Debit Retained Earnings: Credit Dividend: Debit
Numerology
Chaldean Numerology
The numerical value of normal balance in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of normal balance in Pythagorean Numerology is: 3
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"normal balance." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/normal+balance>.
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