NORMAL BALANCE Definition

Bookmark and Share

NORMAL BALANCE, in accounting, is the side of an account, whether debit or credit, to which increases to the account are recorded.

Learn new Accounting Terms

VAT see VALUE ADDED TAX.

DUE DILIGENCE usually refers to an internal audit of a target firm by an acquiring firm.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.