NORMAL ACCOUNT BALANCE
\nˈɔːmə͡l ɐkˈa͡ʊnt bˈaləns], \nˈɔːməl ɐkˈaʊnt bˈaləns], \n_ˈɔː_m_əl ɐ_k_ˈaʊ_n_t b_ˈa_l_ə_n_s]\
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Depending on the balance sheet classification as credit balances or debit balances, the normal account balance is the expected balance of such particular accounts. Usually, assets have debit balances and liabilities have credit balances.
By Henry Campbell Black
