A credit is not a normal balance for what accounts?
Explore how accurate financial reporting hinges on understanding and adjusting credit balances across various account types. Credit balance or net balance is the final amount (positive or negative) mentioned to the right of the ledger in accounting. In the short sale, the investor sells financial securities in the market and then hopes to re-purchase them at a budget price. Examples of Accounts with Normal Credit Balances Similarly, changes in...