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.
Balance Sheet. Your company's balance sheet provides you with a picture of its assets, liabilities and equity at a specific moment, usually the end of a quarter or year. On the balance sheet, assets equal liabilities plus owner's equity -- or shareholders' equity if your company is a corporation. Because all balance sheets must adhere to this equation, what your company owns needs to equal what it owes to creditors and owners.