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.
The same is true for all expense accounts, such as the utilities expense account. In contrast, a credit, not a debit, is what increases a revenue account, hence for this type of account, the normal balance is a credit balance. All this is basic and common sense for accountants, bookkeepers and other people experienced in studying balance sheets, but it can make a layman scratch his head.