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What is Normal Balance of Supplies Accounts about?

This document provides a summary of common accounting accounts, their normal balances, and whether a debit or credit increases or decreases them. It lists accounts like cash, prepaid insurance, accounts payable, accounts receivable, supplies, and capital. For each it indicates whether the normal balance is a debit or credit and whether a debit or credit entry would increase or decrease the account balance.

Author

Deven Sainovic

Language

EN