Symbolism of Plants, Trees, and Herbs. This page is a compilation of the Symbolic Powers of the Flora Kingdom. We in no way imply or advocate that this information be used for medical or consumptive purposes.
normal account balance. Type of balance expected of a particular account based on its balance sheet classification. Normally, asset and expense accounts have debit balances, and equity, liability, and revenue accounts have credit balances. Also called normal balance.
Accounting for Fixed Assets. Financial professionals use the accrual system to account for fixed assets. A fixed asset has a limited life, and you recognize the benefits that accrue from these assets over their useful life; therefore, fixed assets are not recorded at the time of purchase.