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If the effect of the debit portion of an adjusting entry is to increase the balance of an asset account describe the effect of the credit portion of the entry?
increase the balance of the liability account :)
Theo had a balance of -4 in his savings account. After making a deposit he has $25 in his account. What is the overall change in his account?
The overall change to his account was making a deposit of 29. The math would be -4 + 29 = 25 for his current balance.
How can you find out your account balance?
Your account balance can easily be accessed by visiting your banker's site,click on account balance after putting your account no and you will have it instantly. Or you can update your bank passbook to ascertain your account balance.
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
A balance of a prepaid expence account is normally DEBIT OR CREdit?
Prepaid Expenses would normally have a debit balance.
What does a payment on account effect?
Your bank balance.
If the effect of the debit portion of an adjusting entry is to increase the balance of an asset account describe the effect of the credit portion of the entry?
increase the balance of the liability account :)
If i deposited 235.00 in 1974 in a savings account what would be my balance?
The amount in your balance would depend on the interest rate of your savings account.
You have nri account check your balance?
If I had I would.
What would be one effect of import substitution on the balance of trade of a country?
What would be one effect of import substition on the balance of trade of a country
How do drugs effect balance?
Drugs can effect because it is bad for your health so it would go into your lungs change the balance and it would rot your lungs and you would die.
What does it means If the AP account balance has increased on the Trial Balance?
The trial balance is the list of all open accounts in the ledger (although post-closing trial balances exist as well). If the A/P (Accounts Payable) account increased on the trial balance, this would mean that entries had been made (journalized) and posted to the ledger that increase the A/P account balance. For example, buying inventory on account would increase the A/P account balance. This transaction would be journalized and then posted (process of transferring info from journal to ledger). This would result in an increase in A/P on the trial balance.
What does it mean if the ap account balance has increased on the trial balance?
The trial balance is the list of all open accounts in the ledger (although post-closing trial balances exist as well). If the A/P (Accounts Payable) account increased on the trial balance, this would mean that entries had been made (journalized) and posted to the ledger that increase the A/P account balance. For example, buying inventory on account would increase the A/P account balance. This transaction would be journalized and then posted (process of transferring info from journal to ledger). This would result in an increase in A/P on the trial balance.
Theo had a balance of -4 in his savings account. After making a deposit he has $25 in his account. What is the overall change in his account?
The overall change to his account was making a deposit of 29. The math would be -4 + 29 = 25 for his current balance.
What is the normal balance of an asset account according to GAAP?
Debit. For online help in the basics of bookkeeping, and for information about recording business transactions, see the Related Link.
Does transferring balances effect your credit score or is it reported?
== == Yes, when you transfer a balance you are required to close that account. Closing an account decreases your score up to 20 points. You then increase the balance of a new account. Opening a new account decreases your score up 20 points. If you have a balance on an account that is already open and your transfer more money into that account you are increasing your balance; which will decrease your score up to 20 points. So, be careful with this process, and be aware of the affects.
How can you find out your account balance?
Your account balance can easily be accessed by visiting your banker's site,click on account balance after putting your account no and you will have it instantly. Or you can update your bank passbook to ascertain your account balance.
