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-   -   I need to find out how to find the increase and decrease side for each account off (https://www.askmehelpdesk.com/showthread.php?t=443984)

  • Feb 6, 2010, 05:08 PM
    SSDouglas99
    I need to find out how to find the increase and decrease side for each account off
    I need to know how to find the increase and decrease side for each account and what is the normal balance for each account off a financial statement.
  • Feb 6, 2010, 07:21 PM
    morgaine300

    You have five classifications of accounts. These are the five, in order, with their normal balance side. (The normal balance side is the increasing side.)

    Assets - debit
    Liabilities - credit
    Equity - credit
    Revenue - credit
    Expense - debit

    There are tons and tons of different accounts, so no one could simply start listing them all with their normal balances -- you need to be learning the meanings of these classifications and therefore what accounts belong where.

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