the normal balance of an account: \n\na. must be computed after every transaction.\nb. falls on the side…
the normal balance of an account: \n\na. must be computed after every transaction.\nb. falls on the side where increases are recorded.\nc. falls on the side where decreases are recorded.\nd. cannot be computed in a manual accounting system.
Answer
Brief Explanations:
In accounting, the normal balance of an account is on the side where increases are recorded for that type of account. For example, asset accounts have a normal debit balance (increases are debited), and liability and equity accounts have a normal credit balance (increases are credited). It is not necessary to compute it after every transaction, and it can be computed in a manual accounting system.
Answer:
B. falls on the side where increases are recorded.