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if anything we have spent towards cycle repairs.
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Should debits equal credits when making a journal entry?
Total Debit should equal to Total Debit at all times.
What do you mean by debit and credit in tally?
A credit and debit tally is the total of the credits and debits, separately. The difference between the totals is the net profit or loss.
The column total of the general debit column is posted is it true or false?
This question is wrong.
Accounting equation and rules of debit and credit?
Accounting equation: Owner's Equity=Total Equity + Revenue - Expense - Equity of creditors Rules of Debit and Credit: Personal account: Debit the receiver. Credit the giver. Real account: Debit what comes in. Credit what goes out. Nominal account: Debit all expenses and loses. Credit all income and gains.
Is prepaid insurance a debit or credit?
Debit
Should debits equal credits when making a journal entry?
Total Debit should equal to Total Debit at all times.
Can a trial balance usually has no mathematical errors if the total debit amounts equals total the credit amount?
no
What do you mean by debit and credit in tally?
A credit and debit tally is the total of the credits and debits, separately. The difference between the totals is the net profit or loss.
What do debit card fees usually total up to?
The cost of your debit card fees usually depends on what financial institution you are using. The standard fee on most prepaid debit cards is usually around 4.95 to about 5.00.
What report lists accounts and their balances in which the total debit balances should equal the total credit balances?
Trial Balance
If The total debit column exceeds the total credit column of the income statement columns on a worksheet?
the company has a net loss
The column total of the general debit column is posted is it true or false?
This question is wrong.
Accounting equation and rules of debit and credit?
Accounting equation: Owner's Equity=Total Equity + Revenue - Expense - Equity of creditors Rules of Debit and Credit: Personal account: Debit the receiver. Credit the giver. Real account: Debit what comes in. Credit what goes out. Nominal account: Debit all expenses and loses. Credit all income and gains.
How do you write total in words for a negative value?
You can use "minus", "negative", "in debit" or "below zero".
Is prepaid insurance a debit or credit?
Debit
Is drawing debit or credit?
its debit.
If i provide details of bank account but don't have a debit card for that account can the company take any money from that account without setting up a direct debit?
Yes. A debit card is not related to a direct debit. A direct debit is your authorisation to your bank to pay whatever amount is requested by whomever the direct debit is in favour of.... a utility company, a service provider or other business.... on a regular basis, usually monthly or yearly. A debit card is a way of paying for individual transactions, on the spot, without using cash. The total can be deducted from your account when the card is processed by the trader.
