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.
Assets are usually the first section on the balance sheet. For example, assume that current assets are $3,000 and non-current assets are $7,000. Add $3,000 and $7,000 to get total assets of $10,000. Add the items in the stockholders' equity section of the balance sheet to calculate total stockholders' equity.