Difference between revisions of "Account normal balance"
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| − | [[Account normal balance]] (alternatively known as [[normal balance of an account]]; hereinafter, the ''Balance'') is . | + | [[Account normal balance]] (alternatively known as [[normal balance of an account]]; hereinafter, the ''Balance'') is the side of an account that increases by the [[rules of debit and credit]]. |
Revision as of 01:42, 17 December 2018
Account normal balance (alternatively known as normal balance of an account; hereinafter, the Balance) is the side of an account that increases by the rules of debit and credit.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
