The normal balance in an asset account is a debit. It's aho the normal balance for an expense account. The normal balance for a lability and owner's equity accounts is a credit. Credit is the normal balance for revenues well. This seems odd. Assets feconomic resources) & expenses (outflows incurred to generate revenues) have the same normal balance and so do liabilities (amounts owest or creditor claimsland revenues increases in equity from business transactions. It seems contradictory. Why is that the way things are done!