What type of account will normally contain a debit balance?

Name: What type of account will normally contain a debit balance?
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An asset account will normally contain a debit balance because it represents things of value owned by the company. These include cash, inventory, and property, among others. When the company acquires an asset, it records a debit entry to increase the balance in the asset account, resulting in a debit balance.

What Type of Account Will Normally Contain a Debit Balance