The normal balance of an account refers to the debit or credit side where increases are recorded.

Name: The normal balance of an account refers to the debit or credit side where increases are recorded.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The normal balance of an account refers to whether increases in the account are recorded on the debit or credit side. It is important to distinguish the normal balance in order to properly record and interpret changes in the account balance.

The Normal Balance of an Account Refers to the Debit