Additional Paid-in Capital is a normal credit balance account.
The normal balance in a capital account is a credit. Capital is a balance sheet account. Assets = Liabilities + Capital
Capital account has credit balance as a normal balance of account as it is the amount company requires to return back to it's owner at the time of liquidation.
Paid in capital is liability for business and like all liabilities it also has credit balance as normal balance.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
It has no normal balance.
The normal balance in a capital account is a credit. Capital is a balance sheet account. Assets = Liabilities + Capital
Capital account has credit balance as a normal balance of account as it is the amount company requires to return back to it's owner at the time of liquidation.
Yes capital stock has credit balance as a normal balance so increase is also has credit balance.
Paid in capital is liability for business and like all liabilities it also has credit balance as normal balance.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
It has no normal balance.
Drawings is a contra account. Debit is the normal balance of Drawing account.
Merchandise Inventory is an asset account, so the normal balance is Debit.
Cash account normally has debit balance.
A liability account normally has a credit balance.
Common stock dividends distributable is an equity account and it has a normal credit balance. It is added to capital stock on the balance sheet.
debit balance