Accounting terms on page 44. The difference between the totals of amounts in the account's Debit and Credit columns. The side to which the balance will appear in relation to the accounting equation or to the balance sheet. An account's balance increases in the same column as its normal balance. An account's balance decreases in the column opposite its normal balance.
Transactions change at least two account balances.
Debit balance, debit increase, credit decrease. Credit balance, credit increase, debit decrease. Drawing - when an owner takes an assest from the business. Terms on page 60. Recording business transactions in a journal.