normal account balance
Definition
Type of balance expected of a particular account based on its balance sheet classification. Normally, asset and expense accounts have debit balances, and equity, liability, and revenue accounts have credit balances. Also called normal balance.
Popular 'Accounting & Auditing' Terms
normal account balance in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/normal-account-balance.html







