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It is something that is entered into an account as a debt
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Related Questions
Is Direct Labor credited or debited?
debited
When the seller is paid the customer's account is.credited or debited?
debited
When December rent is paid in November to which account is it debited?
Prepaid Rent is debited.
When December rent is paid in November which account is debited?
Prepaid Rent is debited.
When December rent is paid in November it is debited to accounts?
Prepaid Rent is debited.
When December rent is paid in November which accounts is it debited?
Prepaid Rent is debited.
Is commission received debited or credited in the cashbook?
Commission received is credited and cash is debited
Is debited a deduction?
yes debited is a deduction from the account as it only taked whats int your account out if you have enough
What does it mean when a transaction is debited to your account?
When a transaction is debited to your account, it means that the amount of money has been taken out or deducted from your account.
Whether increase in liability credit or debit?
All liabilities are credited and assets are debited so increase in liability will be credited and not debited.
What is unexpired interest?
an asset, which is debited!
Is loan debited or credited?
credit
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