Normal Balances of Accounts

Accounts have normal balances on the side where the increases in such accounts are recorded.

Asset accounts have normal balances on debit side.
Expense accounts have normal balances on debit side.
Liability accounts have normal balances on credit side.
Equity accounts have normal balances on credit side.
Revenue accounts have normal balances on credit side.

On the financial statements, accounts are reported on the sides where they have normal balances.

Liability accounts have normal balances on credit side.
Equity accounts have normal balances on credit side.