Computer equipment is an asset of business and that's why it has debit balance as a normal balance.
A debit to equipment and a credit to liability
Debit to Equipment and a credit to Accounts Payable
Debit Cash 28890 Debit Equipment 42390 Credit Capital 71280
equipment is a fixed asset.so it's a Debit balance account.
It is a debit balance. Furniture and Equipment accounts are included in an individuals assets and asset accounts have debit values.
it is a credit because more than likely the job is paying for it
it is a credit because more than likely the job is paying for it
it is a credit because more than likely the job is paying for it
property and equipment should be debited if they increases because both are assets
[Debit] Equipment [Credit] Cash / bank (half) [Credit] Tenant
Debit
[Debit] Loss on sale of equipment xxxx [Credit] Asset account xxxx