Debit Balance

A debit balance is an account balance where there is a positive balance on the left side of the account. Accounts that normally have a debit balance include assets, expenses, and losses. Examples of these accounts are the cash, accounts receivable, prepaid expenses, fixed assets (asset) account, wages (expense), and loss on sale of assets (loss) account. Contra accounts that normally have debit balances include contra liability, contra equity, and contra revenue accounts.