NORMAL ACCOUNT BALANCE
\nˈɔːmə͡l ɐkˈa͡ʊnt bˈaləns], \nˈɔːməl ɐkˈaʊnt bˈaləns], \n_ˈɔː_m_əl ɐ_k_ˈaʊ_n_t b_ˈa_l_ə_n_s]\
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Depending on the balance sheet classification as credit balances or debit balances, the normal account balance is the expected balance of such particular accounts. Usually, assets have debit balances and liabilities have credit balances.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.