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Inventory is an asset account. They normally have a debit balance.
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∙ 12y ago
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What is the normal balance of the merchandise inventory account?
Merchandise Inventory is an asset account, so the normal balance is Debit.
Does inventory have a credit or debit balance account?
Debit
Does inventory normally have a credit balance?
No, inventory is an assets, which normal balance is a debit.
Normal balance for merchandise inventory?
debit
What account has a normal debit balance?
debit
What is the normal balance of the merchandise inventory account?
Merchandise Inventory is an asset account, so the normal balance is Debit.
Does inventory have a credit or debit balance account?
Debit
Does inventory normally have a credit balance?
No, inventory is an assets, which normal balance is a debit.
Normal balance for merchandise inventory?
debit
What account has a normal debit balance?
debit
Which account has a normal debit balance?
Does work-in-process has a normal balance as a debit or credit
Merchandise inventory has a normal debit balance?
Mechandise inventory is a current asset which is used in manufacturing of units of products or resale purpose that's why it is asset of business and has debit balance as normal balance.
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.
What is the normal balance in an investment account?
debit balance
What is the normal balance of a withdrawal?
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
What is the normal balance of an account receivable account?
Debit
What is the normal balance of drawing?
Drawings is a contra account. Debit is the normal balance of Drawing account.
