0
both carriage inwards and carriage outwards or debited in the trial balance
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Is carriage outwards a debit or credit balance?
It's Debit.
What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
Journal entry for carriage inwards?
Debit carriage inwardCredit cash
Is return inwards a debit or credit?
Debit
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Is carriage inward a debit or credit balance?
debit
Is carriage outwards a debit or credit balance?
It's Debit.
What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
Where does carriage inwards due go in the balance sheet?
debit side of the Trading and Profit & loss Account
Journal entry for carriage inwards?
Debit carriage inwardCredit cash
Is return inwards a debit or credit?
Debit
Is withdrawal a debit or credit balance?
it is a debit balance because it decreases owner's equity, which has credit balance.
Does cash on hand have a debit or credit balance?
credit
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Is purchases a normal debit or credit balance?
debit balance
Does assets account have a debit balance or a credit balance?
debit
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
