Accounts - Classification normal balance, Accounting Normal Balance

Classification normal balance

The below is the small list of debit or credit balance which you would find in the account

Account ClassificationNormal Balance
Assets Debit
Contra assetCredit
Liability Credit
Contra liability Debit
Owner's Equity Credit
Stockholders' Equity Credit
Owner's Drawing or Dividends Account  Debit
Revenues (or Income)Credit
Gains Credit
Losses Debit

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