The normal balance for any account is the side of the account where increases are recorded.

Question

Quizplus · Accepted Answer

The normal balance for any account is the side of the account where increases are recorded, meaning that if there are debits and credits in an account, the normal balance will be on the side with more increases. This principle is fundamental in accounting and helps ensure accuracy and consistency in financial records.

The Normal Balance for Any Account Is the Side of the Account