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.
1 In a balance sheet, the total sum of assets must equal the sum of liabilities and owner's equity.  The asset accounts represent all the goods and resources that a company owns. The liability portion represents all of its debts. The equity portion represents contributions by owners (shareholders) and past earnings.