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.
debit
Debit
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
Cash is "not" a credit in accounting. The cash account is an asset and is a debit balance account. To increase the cash account you debit the account and to decrease it you credit it.Cash = Current Asset = Debit Balance(GAAP)
It is a debit balance. Furniture and Equipment accounts are included in an individuals assets and asset accounts have debit values.
debit
Debit
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
Computer equipment is an asset of business and that's why it has debit balance as a normal balance.
Cash is "not" a credit in accounting. The cash account is an asset and is a debit balance account. To increase the cash account you debit the account and to decrease it you credit it.Cash = Current Asset = Debit Balance(GAAP)
Debit
debit
Does work-in-process has a normal balance as a debit or credit
Cash account has a debit as a normal balance so debit increases the cash account and credit reduces the cash account which is reverse of debit balance.
credit
A purchase you make is a DEBIT against your account.