Asked by Lucas Castro on May 18, 2024
Verified
The right side of an account is always the normal balance side.
Normal Balance Side
Normal Balance Side is the side (debit or credit) of an accounting ledger on which increases to the account are recorded, depending on the account type.
- Determine the usual balance side applicable to diverse types of accounts.
Verified Answer
MD
mariama diabyMay 22, 2024
Final Answer :
False
Explanation :
The normal balance side of an account depends on the type of account: for assets and expenses, it's the left side (debit), and for liabilities, equity, and revenue, it's the right side (credit).
Learning Objectives
- Determine the usual balance side applicable to diverse types of accounts.