a . What is meant by the term normal balance? b . What is the normal balance

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a. What is meant by the term normal balance?

b. What is the normal balance for asset accounts? For liability accounts? For the owner’s capital account?

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 16, 2022 02:40 AM

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a . What is meant by the term normal balance? b . What is the normal balance

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The normal balance of an account is the side of the account that is positive or i...View the full answer

Glencoe Accounting First Year Course

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