0
Common stock in company’s balance sheet is credit as it is the liability of the business to pay it back to it’s owners while it is debit in the investors balance sheet as it is asset of that company.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Is common stock a debit or a credit?
Common Stock is a Credit. Closing Stock is a Debit.
Is common stock increased with a debit?
Common stock has a credit normal balance so with debit it reduces while with credit it increases.
What are the journal entries to record the exchange of common stock?
debit common stock of one typecredit common stock of other type
What are the accounting journal entries for the redemption of common stock?
Debit common stockCredit redemption of common stock account
What are the accounting journal entries to record common stock redemption?
Debit common stockCredit redemption of common stock account
Is common stock a debit or a credit?
Common Stock is a Credit. Closing Stock is a Debit.
Is common stock increased with a debit?
Common stock has a credit normal balance so with debit it reduces while with credit it increases.
What are the journal entries to record the exchange of common stock?
debit common stock of one typecredit common stock of other type
What are the accounting journal entries for the redemption of common stock?
Debit common stockCredit redemption of common stock account
What are the accounting journal entries to record common stock redemption?
Debit common stockCredit redemption of common stock account
Is common stock debit or credit on the trial balance?
Credit
What are the accounting journal entries to record depositing cash for common stock?
[Debit] Cash /bank [Credit] Common Stock
What is the journal entry for repurchasing common stock as treasury stock?
Debit treasury stockCredit cash / bank
What is the journal entry in the increase of authorized capital stock?
debit Unissued Common Stock credit Authorized Common Stock
What is a journal entry to buy equipment with common stock?
Equipment is not actually bought using common stock rather it is purchased from cash by issuing common stock so journal entry is : [Debit] Equipment [Credit] Cash / bank
Is stock a credit or debit account balance?
Stock is an asset so it should always be a debit balance.
What are the accounting journal entries to record the exchange of debt for common stock?
Debit the liability (debt) account and credit Common Stock (for the par value of the shares) and Additional Paid in Capital (for the balance).
