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It's Debit.
both carriage inwards and carriage outwards or debited in the trial balance
a debit and 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
It's Debit.
both carriage inwards and carriage outwards or debited in the trial balance
a debit and credit
a debit and credit
a debit and credit
it is a debit balance because it decreases owner's equity, which has credit balance.
credit
debit balance
debit
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 in your Income statement credit in your balance sheet.
it is a debit balance because it decreases owner's equity, which has credit balance.