1 4 Rules of Debit DR and Credit CR Financial and Managerial Accounting
The Normal balance definition means the side of an account to which either a debit or a credit is recorded as an increase according to normal accounting rules. Double entry accounting – every transaction affects at least two accounts – one account gets debited and another credited. A normal balance account’s normal balance refers to which side (debit or credit) will naturally increase that account’s… Read More »1 4 Rules of Debit DR and Credit CR Financial and Managerial Accounting