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The balance of a furniture and equipment account a debit or credit?
Wiki User
∙ 11y ago
It is a debit balance. Furniture and Equipment accounts are included in an individuals assets and asset accounts have debit values.
Wiki User
∙ 11y ago
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Is equipment a debit or credit balance account?
equipment is a fixed asset.so it's a Debit balance account.
What does the credit balance in the accumulated depreciation account represent?
it represents the undepreciated cost of existing equipment.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Is a Credit balance in vendor subsidiary account is an unpaid balance?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Why is a capital account has credit balance?
The normal balance in a capital account is a credit. Capital is a balance sheet account. Assets = Liabilities + Capital
Is equipment a debit or credit balance account?
equipment is a fixed asset.so it's a Debit balance account.
What does the credit balance in the accumulated depreciation account represent?
it represents the undepreciated cost of existing equipment.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Is a Credit balance in vendor subsidiary account is an unpaid balance?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Why is a capital account has credit balance?
The normal balance in a capital account is a credit. Capital is a balance sheet account. Assets = Liabilities + Capital
Is a credit balance in a vendor subsidiary account is an unpaid balance owed.?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account is an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is Fees earned is decreased is it debited or credited?
The Fees Earned account has a credit balance. This means that you credit the account to increase the balance, and debit the account to decrease the balance.
How would you enter the following data into a T account in a journal entry Purchased equipment for 9000 Paid 1500 cash and the balance was 375 dollars for 20 months?
Debit Equipment 9000 Credit Cash 1500 Credit Account payable 7500
What is the normal balance of a liabilty account?
A liability account normally has a credit balance.
What is your balance on your account?
The balance of your account is the amount of credit or debit of your account. That is how much you have or how much you owe.
