0
What else can I help you with?
Where do you record credit purchases of fixed assets?
in fix assets
Is a credit a decrease in assets retained earnings revenue liabilities?
Credit causes the decrease in assets only because assets has debit balance as a normal balance while all other items has credit balance and credit causes the increase in them.
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.
Does a junior lien affect credit?
Yes. Any lien affects credit.Yes. Any lien affects credit.Yes. Any lien affects credit.Yes. Any lien affects credit.
A credit signifies a decrease in?
a decrease in assets
A credit may signify what?
Decrease in assets
A credit may signify...?
Decrease in assets
Can credit cards be garnished?
Credit cards are not assets, there's nothing to garnish from them.
What will a decrease a revenue and a decrease in assets?
A sales refund will reduce income (debit to Sales Returns) and assets (credit to cash). A debit to Depreciation Expense and a credit to Accumulated Depreciation will reduce assets and net income.
What are the primary assets of credit unions?
Consumer Loans
Transaction for issuing shares in exchange for assets?
[Debit] Assets account [Credit] Share capital account
You have massive credit card debt no assets and do not care about your credit rating what do you do?
You're already doing it.
