It's Debit.
both carriage inwards and carriage outwards or debited in the trial balance
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
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.
debit balance
debit
both carriage inwards and carriage outwards or debited in the trial balance
debit
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
it is a debit balance because it decreases owner's equity, which has credit balance.
credit
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.
debit balance
debit
Debit in your Income statement credit in your balance sheet.
it is a debit balance because it decreases owner's equity, which has credit balance.
Debit
credit