The rules for debit and credit and the normal balance of Share Capital-Ordinary are the same as for assets.

Question

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The rules for debit and credit and the normal balance for Share Capital-Ordinary are different from those for assets. Share Capital-Ordinary is a type of equity, so it has a credit normal balance and is increased with credit entries and decreased with debit entries. Assets, on the other hand, have a debit normal balance and are increased with debit entries and decreased with credit entries.

The Rules for Debit and Credit and the Normal Balance