What is meant by the term normal balance$?$ Provide the normal balance for$$ assets, liabilities, and$$ stockholders' equity.

Question content area bottom

Part $1$

A$.$

The normal balance refers to the expected balance in an account. The normal balance is a debit balance for assets. The normal balance for liabilities and equity is a credit balance. The normal balance for$$ Stockholders' equity is a credit balance.

B$.$

The normal balance refers to the actual balance in an account and it is the side that decreases the value of the account. The normal$$ balance, or the side of the account$$ decrease, is a credit balance for$$ assets, or a balance on the left side. The normal balance for liabilities and equity is a debit$$ balance, or a balance on the right side.$$ Stockholders' equity is comprised of several$$ subdivisions, and their normal balances are as$$ follows: common stock$($debit$)$; retained earnings$($debit$)$; dividends$($credit$)$; revenues and gains$($debit$)$; and expenses and losses$($credit$).$

C$.$

The normal balance refers to the expected balance in an account and it is the side that increases the value of the account. The normal$$ balance, or the side of the account$$ increase, is a credit balance for$$ assets, or a balance on the right side. The normal balance for liabilities and equity is a debit$$ balance, or a balance on the left side.$$ Stockholders' equity is comprised of several$$ subdivisions, and their normal balances are as$$ follows: common stock$($debit$)$; retained earnings$($debit$)$; dividends$($credit$)$; revenues and gains$($debit$)$; and expenses and losses$($credit$).$

D$.$

The normal balance refers to the expected balance in an account and it is the side that increases the value of the account. The normal$$ balance, or the side of the account$$ increase, is a debit balance for$$ assets, or a balance on the left side. The normal balance for liabilities and equity is a credit$$ balance, or a balance on the right side.$$ Stockholders' equity is comprised of several$$ subdivisions, and their normal balances are as$$ follows: common stock$($credit$)$; retained earnings$($credit$)$; dividends$($debit$)$; revenues and gains$($credit$)$; and expenses and losses$($debit$).$