Normal balances appear on the side that increases the account balance.

Name: Normal balances appear on the side that increases the account balance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Normal balances are the classification of accounts as either an asset, liability, or equity account. Generally, debits increase asset accounts and decrease liability and equity accounts, while credits have the opposite effect. Therefore, normal balances appear on the side that increases the account balance.

Normal Balances Appear on the Side That Increases the Account