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.
(A credit balance in an asset account is contraryâor contraâto an asset account's usual debit balance.) Examples of contra asset accounts include: 1  Allowance for Doubtful Accounts. 2  Accumulated Depreciation-Land Improvements. 3  Accumulated Depreciation-Buildings. 4  Accumulated Depreciation-Equipment. 5  Accumulated Depletion. 6  Etc.