Question: 1) What does the term normal balance mean ? For assets, liabilities, equity, revenue, and expenses, what is the normal balance? 2) between the cash

1) What does the term normal balance mean? For assets, liabilities, equity, revenue, and expenses, what is the normal balance?

2) between the cash basis and accrual basis, which method provides a better picture of the overall profitability of a company?

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