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A debit balance is generally not considered favorable in accounting, as it typically indicates that liabilities exceed assets or that expenses surpass revenues. In Personal Finance, a debit balance on a credit account can imply that the account holder has outstanding debt. However, in certain contexts, such as a company's asset accounts, a debit balance can be favorable if it reflects valuable assets. Overall, the interpretation depends on the specific financial context.
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What does Debit Balance in passbook means?
Debit balance in pass book means, favourable balance in bank Account.
Why does purchases account have a debit balance?
Either you can consider purchase is an expense and a debit balance or an asset an a debit balance
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Does assets account have a debit balance or a credit balance?
debit
Is purchases a normal debit or credit balance?
debit balance
What does Debit Balance in passbook means?
Debit balance in pass book means, favourable balance in bank Account.
Expenses are to be debit or credit?
An Expense would normally have a debit balance.
Why does purchases account have a debit balance?
Either you can consider purchase is an expense and a debit balance or an asset an a debit balance
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
Does assets account have a debit balance or a credit balance?
debit
Is purchases a normal debit or credit balance?
debit balance
What decreases an asset account credt or debit?
Assets has debit balance as normal balance so debit balance increases it while credit balance decreases it.
What is meant by debit balance of a party?
What is meant by debit balance of a party?
What is the difference between favourable and unfavourable balance of payment?
when import of a country decrease and export increase it is known as favourable balance of of payment and vice versa
Do dividends usually carry a normal debit balance?
Debit balance dork!
Is withdrawal a debit or credit balance?
it is a debit balance because it decreases owner's equity, which has credit balance.
What account has a normal debit balance?
debit
