debit
a debit and credit
A purchase you make is a DEBIT against your account.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
It has no normal balance.
Drawings is a contra account. Debit is the normal balance of Drawing account.
a debit and credit
a debit and credit
a debit and credit
A purchase you make is a DEBIT against your account.
Drawings account has a normal balance as a reverse of owners equity account which is debit balance as a normal balance.
true
It has no normal balance.
Drawings is a contra account. Debit is the normal balance of Drawing account.
Additional Paid-in Capital is a normal credit balance account.
Merchandise Inventory is an asset account, so the normal balance is Debit.
Cash account normally has debit balance.
A liability account normally has a credit balance.