0
credit
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the journal entry for capital stock?
Debit Cash / bank / goods Credit Capital account
Are treasury stocks a debit or credit?
Treasury stock is contra account for share capital account so as share capital has credit balance treasury stock has debit balance and shown as an asset under balance sheet.
Is capital a debit or credit to an owners equity?
Capital is a Credit Balance account. To increase capital and therefore increase OE, you will Credit the account. Not DEBIT. You Debit Cash, Credit Capital.
Is common stock a debit or a credit?
Common Stock is a Credit. Closing Stock is a Debit.
How do you journalize entries for the stock issuances?
Debit Cash / bank Credit share capital account
Is an increase in capital stock a debit or credit?
Credit
What is journal for stock contributed as capital?
[Debit] Stock account xxxx [Credit] Capital xxxx
What is the journal entry for capital stock?
Debit Cash / bank / goods Credit Capital account
Are treasury stocks a debit or credit?
Treasury stock is contra account for share capital account so as share capital has credit balance treasury stock has debit balance and shown as an asset under balance sheet.
Is capital a debit or credit to an owners equity?
Capital is a Credit Balance account. To increase capital and therefore increase OE, you will Credit the account. Not DEBIT. You Debit Cash, Credit Capital.
Is common stock a debit or a credit?
Common Stock is a Credit. Closing Stock is a Debit.
How do you journalize entries for the stock issuances?
Debit Cash / bank Credit share capital account
What are some journal entries?
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
Is common stock a credit 0r debit balance?
Common stock is a portion of capital of company and capital has a credit balance that's why common stock also has a credit balance and shown under owner's equity portion under liability side of balance sheet
What is the journal entry to decrease paid-up capital?
[Debit[ Treasury stock [Credit] Cash / bank / Goods
Is common stock increased with a debit?
Common stock has a credit normal balance so with debit it reduces while with credit it increases.
What stockholder equity accounts follow the same debit and credit rules as liabilities?
Dividens retained earning and capital stock
