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Is advertizing a debit or credit?

Anonymous

∙ 12y ago

Updated: 9/22/2023

In the terms of accounting - advertising would be a debit - since you would be paying someone to advertise your business.

Wiki User

∙ 12y ago

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Continue Learning about Accounting

Is prepaid insurance a debit or credit?

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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.

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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.

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