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What is the normal balance of a expense account?
debit
What is the normal balance of an expense account is?
Debit
Is cogs normal debit or credit account?
COGS is expense account and all expenses has debit balance as default normal balance so COGS also has debit balance.
What is the classification and normal balance of the supplies expense account?
debit
Account type and normal balance of prepaid expense?
asset, debit
What is the normal balance of a expense account?
debit
What is the normal balance of an expense account is?
Debit
Is cogs normal debit or credit account?
COGS is expense account and all expenses has debit balance as default normal balance so COGS also has debit balance.
What is the classification and normal balance of the supplies expense account?
debit
Account type and normal balance of prepaid expense?
asset, debit
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
What is depreciation expense?
normal balance of debit
Are salaries expense debit or credit?
Expenses have a normal debit balance.
Is an increase in rent expense a credit?
Rent expense has a debit balance as a normal balance so increase in rent will be shown by debit to rent expense.
What account has a normal debit balance?
debit
Is The normal balance of an expense account is a credit?
No, the normal balance of an expense account is a debit. Expenses increase with debits and decrease with credits, which is the opposite of revenue accounts that have a normal credit balance. Therefore, when recording expenses, they are typically debited to reflect their impact on reducing overall equity.
Expenses are to be debit or credit?
An Expense would normally have a debit balance.
