To default is to not pay on a loan or other financial arrangement before the due date. Debit from a default is late fees, N.S.F fees or any extra payments created as a result of not paying on time.
All revenues has credit balances as default balance like wise rent revenue also has credit balance as default balance instead of debit balance because all expenses has debit as default balance.
No all revenues has credit balance as default balance while all expenses has debit balance as default normal balance.
All assets and expenses has debit side as default side while all incomes and liabilities have credit side as default.
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.
hjuki
Building is an asset for business which is used for generating revenue for more than one fiscal year and like all assets which has debit balance as normal default balance building also has debit balance.
Depreciation is expense and like all other expense it also has debit balance as default balance and all revenues has credit balance as default balance.
Intangible assets are also assets like any other assets so if all other assets have debit as a default balance then intangible assets also have debit as default balance. Like Goodwill etc.
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Limited edition.
7777
All those accounts decreases with debit which normal or default balances are credit for example all liabilities or incomes are decreased with debits because their default balances are credit balance.