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How you record a credit sales?
credit your stock for stocks going out of the account debit the debtors for stock going into his account
What are some journal entries?
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
What journal entry should be passed when compay purchase shares?
[debit] treasury stock [credit] cash / bank
Is prepaid insurance a debit or credit?
Debit
Is cost of sale credit or debit?
Credit or debit
How you record a credit sales?
credit your stock for stocks going out of the account debit the debtors for stock going into his account
What are the Journal entries for treasury bills purchased on discount?
debit cash credit bills purchase
What are some journal entries?
Example of journal entries are as follows: 1 - Start of business [Debit] Cash /bank / goods [Credit] owners equity 2 - Purchase of asset [Debit] Asset account [Credit] Cash / bank 3 - Increase of capital [Debit] Cash / bank [Credit] Owners equity 4 - Decrease in capital [Debit] Treasury Stock [Credit] Cash / bank
What is the journal entry to decrease paid-up capital?
[Debit[ Treasury stock [Credit] Cash / bank / Goods
What journal entry should be passed when compay purchase shares?
[debit] treasury stock [credit] cash / bank
Is prepaid insurance a debit or credit?
Debit
Does cash on hand have a debit or credit balance?
credit
Is cost of sale credit or debit?
Credit or debit
Is a refund to a credit card a debit or credit?
Debit
What are the rules of debit and credit for assets?
There are three rules for recording transactions: Personal account Debit the receiver. Credit the giver. Real account Debit what comes in. Credit what goes out. Nominal account Debit all expenses.There are three Golden Rules for Debit & Credit, whole accounting is depend on these three rules :- 1. Debit what comes in & Credit what goes out. 2. Debit the receiver & Credit the..Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
Why is it important to memorize the debit and credit rules?
Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
Is drawing debit or credit?
its debit.
