Normal Balance Refers to the Positive Increase of an Account

question 98

True/False

Normal balance refers to the positive increase of an account and identifies the side of the account (Debit or Credit)to which this positive balance is recorded.

---

Definitions:

Discovery

The act of finding something unknown or unrecognized by others, often leading to new knowledge or understanding.

Cultural Relativism

The principle that an individual human's beliefs and activities should be understood by others in terms of that individual's own culture, rather than judging them by the standards of another culture.

Cultural Adaptation

The process by which individuals or groups adjust and acclimate to cultural differences, including values, norms, and behaviors, in new or changing environments.

Cultural Diffusion

The process by which cultural elements, such as beliefs, technologies, or practices, spread from one society or social group to another.