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 balance sheet of a company breaks down into its assets (or what it owns), liabilities (or what it owes), and its shareholdersâ equity (or the money that belongs to shareholders after paying off all liabilities). The total of its assets is equal to the sum of its shareholdersâ equity plus its liabilities.