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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.
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
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.
It has debit balance as investment is an asset and all assets have debit balance .
An Expense would normally have a debit balance.