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creditors have debit balances as advances receive from creditors..........
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∙ 13y ago
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Does assets account have a debit balance or a credit balance?
debit
Does inventory account have a normal debit balance?
Inventory is an asset account. They normally have a debit balance.
What account has a normal debit balance?
debit
Is a bank account balance shown as a debit?
No, a debit is a with-drawl from your account.
Why does purchases account have a debit balance?
Either you can consider purchase is an expense and a debit balance or an asset an a debit balance
Does assets account have a debit balance or a credit balance?
debit
Does a debit iincreasse a cash account?
Cash account has a debit as a normal balance so debit increases the cash account and credit reduces the cash account which is reverse of debit balance.
Does inventory account have a normal debit balance?
Inventory is an asset account. They normally have a debit balance.
What account has a normal debit balance?
debit
Is a bank account balance shown as a debit?
No, a debit is a with-drawl from your account.
Why does purchases account have a debit balance?
Either you can consider purchase is an expense and a debit balance or an asset an a debit balance
Is equipment a debit or credit balance account?
equipment is a fixed asset.so it's a Debit balance account.
What is debit balance of profit and loss account?
Debit balance of Profit & Loss Account represents "Loss"
Is an owner's drawing account a debit balance?
debit
Does inventory have a credit or debit balance account?
Debit
Which account represents a debit balance on a ledger account?
assets have debit balances.
Is cogs normal debit or credit account?
COGS is expense account and all expenses has debit balance as default normal balance so COGS also has debit balance.
