Solved: How do you tell what the normal balance of an account, Accounting Basics

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How do you tell what the normal balance of an account

Question - Moving on from the accounting equation, what do you understand from the term normal balance of an account? What does it mean? How do you tell what the normal balance of an account should be: debit or credit? Could an asset account ever have a credit balance? Could a liability account ever have a debit balance?

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Accounting Basics: How do you tell what the normal balance of an account

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