Asked by Thomas DeAngelis on May 11, 2024
Verified
Normal Balance
The side (debit or credit) of an account that is increased, reflecting the account's natural balance.
- Segregate accounts into their designated categories.
- Make distinctions between accounts with usual debit or credit balances.
- Discover the financial records where multiple accounts are presented.
Verified Answer
DM
Learning Objectives
- Segregate accounts into their designated categories.
- Make distinctions between accounts with usual debit or credit balances.
- Discover the financial records where multiple accounts are presented.