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.
You should be aware that All Accounts: 1  Can Be Debited and Credited. 2  Have an Increase Side and a Decrease Side. 3  Have a Debit Side and a Credit Side.  Have a Normal Balance Amount that is normally a Debit Balance or a Credit 1  Balance. Have a Type and are classified as an Asset, Liability, Equity, Revenue, Expense, or Draw.