On a bill a debit is a charge, while a payment is a credit.
Nothing
Yes. Credit means that you have overpaid and they owe you money.
leave it alone, your insurance will take care of it. if you have insurance however! if you don't discuss with with the cashier.
you dont have to pay
When your dad goes to the gas station and fills is car with gas then pays with his card the money at the end of the month will be debited from his account.
Nothing
Yes. Credit means that you have overpaid and they owe you money.
leave it alone, your insurance will take care of it. if you have insurance however! if you don't discuss with with the cashier.
leave it alone, your insurance will take care of it. if you have insurance however! if you don't discuss with with the cashier.
you owe them :(
you dont have to pay
yes a bill will be sent to you
Jan - Debit Utilities Expense $15 Credit Accrued Expenses $15, Jan accrual. Feb - Debit Utilities Expense $15 Credit Accrued Expenses $15, Feb Accrual March - Debit Utilities Expense $12 Credit Accrued Expenses $12, Mar Accrual Feb or March (when bill is received) - Debit Utilities Expense $25 Credit Accounts Payable $25, record gas bill. and Debit Accrued Expenses $15 Credit Utilities Expense $15, reverse Jan accrual. March - Debit Accounts Payable $25 Credit Cash $25, record Check #? (could be posted in Cash Disbursements Journal).
debit purchasescredit accounts payable
When your dad goes to the gas station and fills is car with gas then pays with his card the money at the end of the month will be debited from his account.
if you mean what type of expense is a debit, a debit is a liability, so therefore it is an expense.
"CCF" means hundred cubic feet.