yes
Debit
Prepaid taxes and equipment are asset accounts, so would normally have a debit balance. Rent expense is an expense account, so would normally have a debit balance. Liability, equity, and income accounts normally have credit balances.
Prepaid insurance is amount paid in advance that's why it is an asset of business and like all other assets accounts it also has debit balance as normal balance.
Prepaid Expenses would normally have a debit balance.
yes
Debit
Prepaid taxes and equipment are asset accounts, so would normally have a debit balance. Rent expense is an expense account, so would normally have a debit balance. Liability, equity, and income accounts normally have credit balances.
. Credit
Prepaid insurance is amount paid in advance that's why it is an asset of business and like all other assets accounts it also has debit balance as normal balance.
Prepaid Expenses would normally have a debit balance.
Yes you can purchase a prepaid debit or credit card with the visa logo.
debit
It is debit on your accounts
It is an asset, therefore a debit (on initial recognition). It is credited as the prepaid expenses are actually received (expensed out)
You can use a prepaid Walmart card to use on almost all accounts that call for a credit/debit card.
revenue accounts increase by credit