Accounting Classifications & Normal Balances
Cost of Goods Sold Classification & Normal Balance
Cost of Goods Sold Debit Balance
Accounts Receivable Classification & Normal Balance
Current Asset Debit Balance
Cash Classification & Normal Balance
Current Asset Debit Balance
Interest Receivable Classification & Normal Balance
Current Asset Debit Balance
Inventory Classification & Normal Balance
Current Asset Debit Balance
Allowance for Doubtful Accounts Classification & Normal Balance
Current Asset-Contra Credit Balance
Accounts Payable Classification & Normal Balance
Current Liability Credit Balance
Dividends Payable Classification & Normal Balance
Current Liability Credit Balance
Income Taxes Payable
Current Liability Credit Balance
Interest Payable Classification & Normal Balance
Current Liability Credit Balance
Income Tax Expense Classification & Normal Balance
Income Tax Expense Debit Balance
Copyright Classification & Normal Balance
Intangible Asset Debit Balance
Goodwill Classification & Normal Balance
Intangible Asset Debit Balance
Bonds Payable Classification & Normal Balance
Long-term Liability Credit Balance
Discount on Bonds Payable Classification & Normal Balance
Long-term Liability-Contra Debit Balance
Administrative Expense Classification & Normal Balance
Operating Expense Debit Balance
Amortization Expense Classification & Normal Balance
Operating Expense Debit Balance
Bad Debts Expense Classification & Normal Balance
Operating Expense Debit Balance
Depreciation Expense Classification & Normal Balance
Operating Expense Debit Balance
Freight-out Classification & Normal Balance
Operating Expense Debit Balance
Insurance Expense Classification & Normal Balance
Operating Expense Debit Balance
Interest Expense Classification & Normal Balance
Other Expense Debit Balance
Gain on Disposal of Plant Asset Classification & Normal Balance
Other Income Credit Balance
Interest Revenue Classification & Normal Balance
Other Income Credit Balance
Equipment Classification & Normal Balance
Plant Asset Debit Balance
Accumulated Depreciation-Buildings Classification & Normal Balance
Plant Asset-Contra Credit Balance
Accumulated Depreciation-Equipment Classification & Normal Balance
Plant Asset-Contra Credit Balance
Buildings Classification & Normal Balance
Plant Assets Debit Balance
Common Stock Classification & Normal Balance
Stockholder's Equity Credit Balance
Dividends Classification & Normal Balance
Temporary Account closed to Retained Earnings Debit Balance
Income Summary Classification & Normal Balance
Temporary account closed to Retained Earnings Credit Balance when there is net income Debit Balance when there is a net loss