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.



http://www.businessdictionary.com/definition/normal-account-balance.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z