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Is AR a positive balance sheet entry that has a negative effect on Net Cash?
Wiki User
∙ 11y ago
True
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoYes
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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 :)
Why the trial balance always be in balance?
Trial balance is always balance because of every entry in double entry system is in balance as related to debit account and credit account.
What is the normal balance of owners equity?
This account increases with a debit entry, decreases with a credit entry and maintains a normal debit balance.
HOW TO write integers that can be used to represent the situation like a debit of 60?
If you use positive numbers to represent money which you have or are owed (credit), then use negative numbers to represent debits.Remember, though, that sometimes the choice of which of the two is positive is arbitrary and depends on you. If I owe you money, the situation would be represented by a negative number in my accounts but a positive entry in yours.
What is opening balance control account?
we should entry the opening balance to account for total balance ,That adjustment is opening balance control
Does a debit entry always increases an account's balance?
no
How can one enter opening balance entry for tally software?
opning balance of sundry debtors
What is the importance of producing a trial balance in a double entry bookkeeping system.Include a example to show that a trial balance is limited in its ability to detect error in bookkeeping system?
The importance of producing a trial balance in a double entry bookkeeping system is to check to see if there are any errors in any columns. If the columns do not balance then you must search for an inaccurate entry.
What entry made in shareholders books after getting bonus shares?
A credit entry is made in a shareholder's books after getting bonus shares. The normal balance for equity holdings is a credit balance.
Which items found on a bank reconciliation doesn't require an adjusting entry?
Balance doesn't require an adjusting entry.
If a debt has been sent to collection company does it mean that it will automatically effect your credit?
If the OC has reported it to your reports as delinquent and the CA adds a negative entry as well, your score will be greatly affected
What was the item placed on the scale to determine passage to the afterlife called?
The scale would balance a feather against your heart -- the point was to have your emotions (which are metaphorically centred around the heart) be light and positive. Negative emotions, such as anger or hatred, would weigh down the heart and thus make it heavier than the feather. Should the scale determine such you were then barred from entry into the afterlife.
