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 balance sheet is composed of assets, liabilities, and equity. As the formula goes, Assets = Liabilities + Equity. Accumulated Depreciation only affects assets and equity. As accumulated depreciation increases, the book value of its corresponding asset decreases as does the equity.