State whether the normal balance of each of the following accounts is a debit or credit.
Definitions:
Balance Sheet
A financial statement that presents a company’s financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.
Statement Of Cash Flows
A financial report that provides a summary of a company's cash inflows and outflows over a specific period.
Net Income
The total profit of a company after all revenues and gains are added together and all expenses and losses are subtracted.
Net Cash
The sum of all cash and cash equivalents that a company holds, subtracting liabilities that need to be paid immediately.
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