Account normal balance

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Account normal balance (alternatively known as normal balance of an account; hereinafter, the Balance) is either a credit or debit of any financial account that is affected when this account increases.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Normal balance of an account. The side of an account that increases by the rules of debit and credit.

Related concepts

Related coursework