Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

What is the normal balance side of an asset?

Sagot :

The normal balance for asset and expense accounts is the debit side, while for income, equity, and liability accounts it is the credit side. An account's assigned normal balance is on the side where increases go because the increases in any account are usually greater than the decreases
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.