Credit
Paid in capital is liability for business and like all liabilities it also has credit balance as normal balance.
Paid in capital is the liability for business and like all other liabilities it also has credit balance as normal balance
Cash you have deposited into a bank is credit Money to be paid back later is debit
I figured it out, Additional Paid-In Capital - Treasury Stock
Additional Paid-in Capital is a normal credit balance account.
Paid in capital is liability for business and like all liabilities it also has credit balance as normal balance.
Paid in capital is the liability for business and like all other liabilities it also has credit balance as normal balance
debit cashcredit share capital
Cash you have deposited into a bank is credit Money to be paid back later is debit
I figured it out, Additional Paid-In Capital - Treasury Stock
Additional Paid-in Capital is a normal credit balance account.
As accounts payable has a credit balance as normal balance so it has credit balance until not paid but it may have debit balance as well in case when payment is made for more than actual accounts payable which create negative balance or debit balance.
Debit Balance- means outstanding balance, meaning you need to pay it! Credit Balance- means you have over paid.
debit cash /bankcredit capital account
debit loan accountcredit owners equityDebit Loan Payable Debit Interest Expense Credit Paid in Capital
If it is customer deposits then it is liability of business to be paid then its balance is credit but if it is deposit with other companies or in bank then it is asset of business and default balance is debit balance.
Outstanding liabilities has credit balance as normal balance but it can also be debit balance in case outstanding liabilities has paid more than actual amount of liabilities.