NORMAL BALANCE, in accounting, is the side of an account, whether debit or credit, to which increases to the account are recorded.
Adjustments will vary dependent upon how the company accounts for its revenue and exceptional transactions. Enter the amount for "Adjustments to Gross Sales", or its equivalent, as reported in the company's financial reporting document in 1,000's. Enter a zero for no adjustments.
COST ELEMENT, in cost accounting, is the lowest level component of a resource activity, or cost object.
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