A credit is not the normal balance for what accounts?

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1262517

2026-03-10 06:10

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A credit is not the normal balance for asset accounts and expense accounts. Assets typically have a normal debit balance, meaning they increase with debits and decrease with credits. Similarly, expenses also increase with debits and decrease with credits, making credits the opposite of their normal balance. In contrast, liability and equity accounts normally have credit balances.

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