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What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
Is carriage outwards a debit or credit balance?
It's Debit.
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
What is the double entry for carriage inwards?
Debit Carriage inward expenseCredit Bank (if paid in cash/bank)orCredit Accounts Payable (if accrual)
Is carriage outwards a debit or credit balance?
It's Debit.
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
Does cash on hand have a debit or credit balance?
credit
Is withdrawal a debit or credit balance?
it is a debit balance because it decreases owner's equity, which has credit balance.
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.
Does assets account have a debit balance or a credit balance?
debit
Is purchases a normal debit or credit balance?
debit balance
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
