The normal balance of an account is the:
A)the right side of the account.
B)decrease side of the account.
C)increase side of the account.
D)the left side of the account.

Question

Quizplus · Accepted Answer

The normal balance of an account is the side that increases the account. For example, assets, expenses, and losses normally have a debit balance, which means they increase with debits and decrease with credits. On the other hand, liabilities, equity, revenues, and gains normally have a credit balance, which means they increase with credits and decrease with debits. Therefore, the correct answer is C, increase side of the account.

The Normal Balance of an Account Is The