acct229 at Texas A&M

3. Determining Normal Balances For Assets & Liabilities

in Chapter 3 (Video 3 of 7)
A "normal" balance just means what side of the account the increases go on. Here we're going to determine normal for Assets and Liabilities.

This Video Mentioned Some Formulas

Assets = Liabilities + Shareholder's Equity (Or Owner's Equity)

Did I miss anything in Chapter 3?

What Did I Miss?