What is the normal balance of an account, Accounting Basics

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What is the normal balance of an account

Problem

A. What is the normal balance of an account?

B. What is the General Journal? What are the rules to record in yourjournal?

C. In your notebook on a den page prepare your journal by writing down the headings as shown on the PPT.

D. Explain the Revenue Recognition Principle.

E. What type of account is"Unearned Revenue".

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Accounting Basics: What is the normal balance of an account

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Accounting Basics: What is the normal balance of an account

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