Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
equipment is a fixed asset.so it's a Debit balance account.
It has no normal balance.
Drawings is a contra account. Debit is the normal balance of Drawing account.
Additional Paid-in Capital is a normal credit balance account.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
equipment is a fixed asset.so it's a Debit balance account.
It has no normal balance.
Drawings is a contra account. Debit is the normal balance of Drawing account.
Additional Paid-in Capital is a normal credit balance account.
Merchandise Inventory is an asset account, so the normal balance is Debit.
Cash account normally has debit balance.
A liability account normally has a credit balance.
Capital account has credit balance as a normal balance of account as it is the amount company requires to return back to it's owner at the time of liquidation.
debit balance
Petty Cash is an asset account with a normal Debit balance.
Debit