Normal Balances
Channel: Brent Gregory
Date: 29/07/2011

This builds on the video Accounting Equation. In accounting, we have Debits and Credits. Normally an asset account will be a debit and a liability account will be a credit.  Owners equity will also normally be a credit.  You will also benefit from seeing the video - What is a Debit and the webpage -http://accountingtriangle.com.au/normalbalances.html