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Factory overhead typically has a debit balance. This account accumulates all the indirect costs associated with manufacturing that are not directly tied to a specific product, such as utilities, maintenance, and salaries of supervisory staff. When overhead costs are incurred, they are debited to the factory overhead account, increasing its balance. When these costs are allocated to products, the overhead account is credited, reducing its balance.
What else can I help you with?
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Does assets account have a debit balance or a credit balance?
debit
Is purchases a normal debit or credit balance?
debit balance
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Is withdrawals a debit or a credit?
it is a debit balance because it decreases owner's equity, which has credit balance.
Does cash on hand have a debit or credit balance?
credit
Is withdrawal a debit or credit balance?
it is a debit balance because it decreases owner's equity, which has credit balance.
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Does assets account have a debit balance or a credit balance?
debit
Is purchases a normal debit or credit balance?
debit balance
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Is withdrawals a debit or a credit?
it is a debit balance because it decreases owner's equity, which has credit balance.
Does inventory have a debit or credit balance?
Debit
Is bank loan credit or debit in trial balance?
credit
What is the balance as a result of having credit of 84 and a debit of 29?
To find the balance, subtract the debit from the credit. In this case, the balance would be 84 (credit) - 29 (debit) = 55. Therefore, the resulting balance is 55.
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
Is investment credit or debit in trial balance?
It has debit balance as investment is an asset and all assets have debit balance .
