Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

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 platform. We hope you found the answers you were looking for. Come back anytime you need more information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.