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Debit
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∙ 12y ago
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Does inventory account have a normal debit balance?
Inventory is an asset account. They normally have a debit balance.
Is inventory a Debit or Credit account?
DEBIT
Does inventory normally have a credit balance?
No, inventory is an assets, which normal balance is a debit.
Does inventory carry a debit or credit balance?
debit buddy
Does assets account have a debit balance or a credit balance?
debit
Does inventory account have a normal debit balance?
Inventory is an asset account. They normally have a debit balance.
Does inventory have a debit or credit balance?
Debit
Is inventory a Debit or Credit account?
DEBIT
Does inventory normally have a credit balance?
No, inventory is an assets, which normal balance is a debit.
Does inventory carry a debit or credit balance?
debit buddy
Does assets account have a debit balance or a credit balance?
debit
What is the normal balance of the merchandise inventory account?
Merchandise Inventory is an asset account, so the normal balance is Debit.
Is open inventory a debit or credit?
Opening inventory Debit Cost of Sales Credit Inventory - balance sheet Closing inventory Debit Inventory - balance sheet Credit Cost of Sales An opening inventory is a debit as it is an increase is expenses as the opening inventory is expected to be sold in the coming accounting period. and any thing that is spent to provide goods or services to a customer is an expense.
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
Why is cash a credit in accounting?
Cash is "not" a credit in accounting. The cash account is an asset and is a debit balance account. To increase the cash account you debit the account and to decrease it you credit it.Cash = Current Asset = Debit Balance(GAAP)
Is equipment a debit or credit balance account?
equipment is a fixed asset.so it's a Debit balance account.
Does owner's capital account have a debit or credit balance?
Debit
