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bad debit are debit which are incurred at a period of the year as a result of debits not paying not paying for services rendered to then their supply by the close of the period which is normally one accounting year. this debit are written off as bad because creditors assumed debits can not pay the amount own to them by the creditors or suppliers.
What else can I help you with?
Credits are generally good and debits are generally bad?
False
What is depreciation and bad debits?
depreciation is sank i learned in enterprise at school today lool xxx
Are Liability accounts are increased by debits?
No Liabilities will not be increased they will be decreased by debits
Are accounts normally decreased by debits?
All credit accounts are decrease by debits while all debit accounts are increased by debits and vice versa.
When a customer returns merchandise purchased on credit the retailer debits?
1. Debits Sales Returns, credits Cash 2. Debits Inventory, credits COGS
When a company records depreciation it debits?
debits expense accounts and credits contra accounts
What is done to check the equality of debits and credits?
done to check the equality of debits and credits
Are decreases in liabilities recorded as debits or credits?
Debits. Liabilities have credit balances so a debit will reduce such a balance.
What if Trial balance debits and credit equals?
If you do a Trial Balance and your Credits Equal your Debits, then more than likely your books are correct.In double entry accounting the debits and credits must balance or be equal.
What are debits used to record?
assets
At what time do direct debits go out from my account?
Direct debits are typically processed in the early hours of the morning on the scheduled payment date.
How do you read a balance sheet?
A balance sheet should be equal debits and credits at the end of it. Your debits are what you spend. Money on expenses or just about anything. Credits is assets/money/capital credited to accounts. Credits must equal the debits.
