Normal Balance

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Normal Balance of different Types of Accounts are mentioned below:

List of Normal Balances

[table id=26 /]



Example 1:

For each of the following items write Types of Accounts and Normal Balances:

[table id=27 /]

 

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Accounting Proforma MCQs

Bookkeeping

Chart of Account

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Types of Accounts

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Solved Exercises

References

Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.

Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.

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