Symbolism of Plants, Trees, and Herbs. This page is a compilation of the Symbolic Powers of the Flora Kingdom. We in no way imply or advocate that this information be used for medical or consumptive purposes.
normal account balance. 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.
Balance (accounting) In banking and accountancy, the outstanding balance is the amount of money owed, (or due), that remains in a deposit account. Balancing the books refers to the primary Balance sheet equation of A=L+OE, or Assets=Liabilities plus Owner's Equity.