Content Business Development Chart of Accounts screen Debits & Credits: Record the Sale of a Fixed Asset Which Accounts Have a Normal Debit Balance? Which Accounts Have a Normal Credit Balance? If the balance is different from the normal balance, then a warning is set on the reconciliation. Increases in expense accounts are recorded as debits because they decrease the owner’s capital account. One of the basic accounting terms is a normal balance. It’s used to describe a balance that