0
love you
What else can I help you with?
Are current assets debit or credit items?
Current assets are debit as all assets has default balance debit so current assets as well and these are shown under current assets section of balance sheet.
Is intangible assets a debit or credit?
Intangible assets are also assets like any other assets so if all other assets have debit as a default balance then intangible assets also have debit as default balance. Like Goodwill etc.
Does assets account have a debit balance or a credit balance?
debit
Intangible asset increases by credit?
Intangible assets are assets like other assets and have debit balance so these are also increased by debit only and reduce by credit.
What comes in debit side of balance sheet?
on the debit side of the balance sheet, we have the assets of a company. There are current assets and fixed assets and they should be equal to the Liabilities + the equity of a company.
Which account represents a debit balance on a ledger account?
assets have debit balances.
Is debit positive or negative?
In case of Assets debit is positive which means increase in assets as well as for liabilities debit means reduction in liabilities but for expenses it is negative as it increases the expenses and reduces the profit
Is premises debit or cedit?
Premises are business assets so same like all other assets premises balance is debit balance as normal balance.
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
What account have normal debit balance?
all fixed assets a/c have a debit balance normally
What is the journal entry for receiving a donated asset?
write up the entries required in revaluation account?
Is Plants and Machinery a debit or credit?
Plants and Machinery is classified as a debit in accounting. It represents a fixed asset on the balance sheet, indicating the value of physical assets owned by a company. When these assets are purchased, the entry is recorded as a debit to the Plants and Machinery account, reflecting an increase in assets.
