debit cash; credit merchandise inventory
debit
Inventory is an asset, and so it is a debit to increase, and a credit to decrease.
Merchandise Inventory is an asset account, so the normal balance is Debit.
DEBIT
debit cash; credit merchandise inventory
debit
If the inventory is fiananced it is debit... If you own it is credit...
Inventory is an asset, and so it is a debit to increase, and a credit to decrease.
Merchandise Inventory is an asset account, so the normal balance is Debit.
DEBIT
Debit
credit
Debit
debit buddy
Opening inventory Debit Cost of Sales Credit Inventory - balance sheet Closing inventory Debit Inventory - balance sheet Credit Cost of Sales An opening inventory is a debit as it is an increase is expenses as the opening inventory is expected to be sold in the coming accounting period. and any thing that is spent to provide goods or services to a customer is an expense.
No, inventory is an assets, which normal balance is a debit.