0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is Paid in capital is a debit or credit balance?
Credit
Difference between debit and credit in accounting?
A debit is money paid out or a loss, a credit in income or a gain.
Is cash in the bank debit or credit?
Cash you have deposited into a bank is credit Money to be paid back later is debit
Journal entry of entry tax paid?
[Debit] Tax paid [Credit] Cash / bank
What is the journal entry if an owner makes payments on a company loan and he will not be reimbursed by the company?
debit loan accountcredit owners equityDebit Loan Payable Debit Interest Expense Credit Paid in Capital
What entry of outstanding salary paid?
[Debit] Accrued salary payable [Credit] Cash / bank
Journal entry for rent payable?
[Debit] Rent Expense[Credit] Rent payableWhen rent paid[Debit] Rent payable[credit] Cash / bank
What is the journal entry to increase paid-up capital?
debit cashcredit share capital
Difference between debit and credit card?
credit card means post paid card debit card means pre-paid card
What is the debit side and credit side of received a cheques as fees for services rendered?
The debit side would be money that you owed and paid out for a service. They credit side is money that was paid to you by someone that owed you for services or products.
How do you double entry when your debtor has paid your creditor for you?
credit the debtor and debit the creditor
What does debit and credit mean?
Debit is when they take from your bank. A credit is money paid into your account. But the other meaning of credit is the ability to borrow money. The more money you make and the more you use your credit and pay it off, the more credit you get.
