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Normal Account Balances

Updated: Sep 29, 2018

Normal Account Balances

Liabilities-Credit Balance

Owner's Equity-Credit Balance

Revenue-Credit Balance

Expenses-Debit Balance

Assets-Debit Balance

Draw-Debit Balance

Review your Ledgers on a regular basis and verify that each account has a normal balance. If there is a debit balance where there should be a credit balance or vice versa. Analyze each account to determine what's causing an abnormal account balance.


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