The normal balance is the anchor that determines which rule to follow in recording a transaction to an account. The location of the element of financial statements in the accounting equation determines the normal balance. That location is fixed. If it were dynamic, the rules will keep changing with each element’s move to the opposite side.

MAIN PRESENTATION

Click the button below for the main presentation. It will be opened in a separate window. Complete the presentation’s activities and requirements. Completion status is collected, which will be submitted to your organization if requested. After completing the presentation, click the Mark Complete button, above, which will then be active.

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DISCUSSION

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