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What accounts would normally increase with an increase in sales and approximately in proportion to the sales increase?
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A credit is not the normal balance for what accounts?
A credit is not the normal balance for asset accounts and expense accounts. Assets typically have a normal debit balance, meaning they increase with debits and decrease with credits. Similarly, expenses also increase with debits and decrease with credits, making credits the opposite of their normal balance. In contrast, liability and equity accounts normally have credit balances.
Can accounts receivable normally have a debit balance?
Accounts receivable in an asset account and normally maintains a debit balance. So the answer is Yes.
Does accounts receivable normally have a credit balance?
no
Which normally has a credit balance - accounts receivable or notes payable?
Notes Payable is a liability, so it would normally have a credit balance. Accounts Receivable is an asset which would normally have a debit balance.
Current ratio would normally increased by?
The current ratio is an accounting measure of liquidity and is defined by: Current Assets / Current Liabilities In order to increase the current ratio, either increase current assets (e.g. cash, inventory, accounts receivable) or to decrease current liabilities (e.g. accounts payable, notes payable).
Do expense accounts normally have a credit balance?
yes
What accounts will normally maintain a credit balance prepaid taxes interest income rent expense equipment?
Prepaid taxes and equipment are asset accounts, so would normally have a debit balance. Rent expense is an expense account, so would normally have a debit balance. Liability, equity, and income accounts normally have credit balances.
Are accounts normally decreased by debits?
All credit accounts are decrease by debits while all debit accounts are increased by debits and vice versa.
How to identify Sparse matrix?
A sparse matrix is one which normally contains a large proportion of elements whose value is 0. There is no exact proportion at which a matrix becomes sparse.
On the bank's accounting records customers' accounts are normally shown as?
Liability
What accounts normally have a credit balance?
no email acont thats stupid
What does firewood normally cost?
Normally it runs approximately $360.00 per cord.
