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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