0
all fixed assets a/c have a debit balance normally
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoAll Expenses as well as Assets have debit balance while revenue items as well as liabilities have credit balance.
Add your answer:
Earn +20 pts
What account has a normal debit balance?
debit
Which account has a normal debit balance?
Does work-in-process has a normal balance as a debit or credit
Does inventory account have a normal debit balance?
Inventory is an asset account. They normally have a debit balance.
Is cogs normal debit or credit account?
COGS is expense account and all expenses has debit balance as default normal balance so COGS also has debit balance.
What is the normal balance of a withdrawal?
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
What account has a normal debit balance?
debit
Which account has a normal debit balance?
Does work-in-process has a normal balance as a debit or credit
Does inventory account have a normal debit balance?
Inventory is an asset account. They normally have a debit balance.
Is cogs normal debit or credit account?
COGS is expense account and all expenses has debit balance as default normal balance so COGS also has debit balance.
What is the normal balance in an investment account?
debit balance
What is the normal balance of a withdrawal?
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
What is the normal balance of an account receivable account?
Debit
What is the normal balance of drawing?
Drawings is a contra account. Debit is the normal balance of Drawing account.
Does a debit iincreasse a cash account?
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.
What is the normal balance of a cash account?
Cash account normally has debit balance.
What is the normal balance of a expense account?
debit
What is the Normal balance for purchase account?
debit
