Expenses are a debit transaction.
Debit in your Income statement credit in your balance sheet.
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
All expenses debit (-)
Expenses have a normal debit balance.
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.
An Expense would normally have a debit balance.
Furniture is a credit and so is fixtures But furnitures are asset and fixtures are expenses
Debit in your Income statement credit in your balance sheet.
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
All expenses debit (-)
Expenses have a normal debit balance.
credit because it is a liability.
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.
[Debit] Accrued traveling expenses [Credit] Accrued expenses payable
all expenses are debited
all expenses are debited
The Rules of Debit and Credit are:Personal account: Debit the receiver. Credit the giver.Real account: Debit what comes in. Credit what goes out.Nominal account: Debit all expenses and loses. Credit all income and gains.