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a decrease in assets
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∙ 12y ago
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Is a Decrease in cash a credit?
In a double entry accounting system, you decrease the cash account with a credit.
How many points does foreclosure decrease your credit score?
how many points dose foreclosure decrease your credit score
Can a credit card company decrease your credit limit?
Yes
A credit may signify what?
Decrease in assets
Is Decrease in Unearned Rent Revenue a credit or debit?
Debit
Is a Decrease in Interest Receivable a credit or debit?
a decrease in a receivable is a decrease in an asset therefore its a credit.
Is a Decrease in cash a credit?
In a double entry accounting system, you decrease the cash account with a credit.
What is Decrease in Prepaid Rent a credit or debit?
. Credit
Is a decrease in interest payable a credit or debit?
credit
How many points does foreclosure decrease your credit score?
how many points dose foreclosure decrease your credit score
Can a credit card company decrease your credit limit?
Yes
Is a decrease in prepaid rent a debit or a credit?
Prepaid Rent is an asset, therefore to decrease the asset (or use up the rent) a decrease would be a credit. Assets generally maintain a debit balance, which means to increase the balance we debit and to decrease the balance we credit.
Is liability credit or debit?
Increase liabilities = credit Decrease labilities = debit
A credit may signify...?
Decrease in assets
A credit may signify what?
Decrease in assets
Which transaction would increase and decrease an assat?
A debit would increase and a credit will decrease .
Is a decrease in accounts receivable debit or credit?
A Credit entry reduces Accounts Receivable
